The IHS Markit India Services PMI dropped to 52.4 in August 2019 from 53.8 in the previous month, but beating market consensus of 51.9. The latest reading pointed to the second straight month of expansion in the service sector, amid sustained increases in activity, sales and employment. On the price front, input prices continued to increase, boosted by higher food, fuel and staff costs, while the rate of charge inflation quickened to a 17-month high. Finally, business sentiment picked up to a one-year high, amid supportive public policies and predictions of better demand. Services PMI in India is reported by Markit Economics.

Services PMI in India is expected to be 50.80 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in India to stand at 50.80 in 12 months time. In the long-term, the India Services PMI is projected to trend around 52.60 Index Points in 2020, according to our econometric models.

India Services PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 112.80 113.50 127.50 96.40 Index Points [+]
Manufacturing PMI 51.40 52.50 55.00 47.90 [+]
Services PMI 52.40 53.80 57.50 44.60 Index Points [+]
Industrial Production 4.30 1.20 19.90 -7.20 percent [+]
Industrial Production Mom 1.50 -4.60 14.80 -14.20 percent [+]
Manufacturing Production 4.20 0.20 24.30 -9.10 percent [+]
Changes in Inventories 390.39 417.62 731.25 184.29 INR Billion [+]
Car Production 195138.00 217682.00 292861.00 7277.00 Units [+]
Car Registrations 178490.00 183425.00 304900.00 6508.00 [+]
Internet Speed 6492.06 5567.50 6492.06 784.09 KBps [+]
IP Addresses 9378846.00 9261013.00 14278593.00 1768679.00 IP [+]
Mining Production 4.90 1.50 13.00 -17.50 percent [+]
Steel Production 9215.00 9336.00 9412.00 713.00 Thousand Tonnes [+]
Cement Production 28084.00 28392.00 33124.00 9355.00 Thousands of Tonnes [+]
Capacity Utilization 76.10 75.90 83.20 71.00 percent [+]
Competitiveness Index 62.02 60.83 62.02 4.20 Points [+]
Competitiveness Rank 58.00 63.00 71.00 42.00 [+]
Composite Pmi 52.60 53.90 55.40 46.00 [+]
Corruption Index 41.00 40.00 41.00 26.30 Points [+]
Corruption Rank 78.00 81.00 95.00 35.00 [+]
Deposit Growth 9.70 10.20 29.30 2.70 percent [+]
Ease of Doing Business 77.00 100.00 139.00 77.00 [+]
Electricity Production 266308.00 241842.00 266308.00 27666.00 Gigawatt-hour [+]


India Services PMI

The IHS Markit India Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - India Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Services PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.40 53.80 57.50 44.60 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


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