The Composite PMI in India inched down to 55.3 points in September 2021 from 55.4 points in the previous month, pointing to a marked rate of growth, amid the increase in aggregate business activity and a further expansion in new work intakes. Also, sales continued to rise and broadly similar to the prior month. Meanwhile, employment at the composite level stabilised in September, after contracting in each of the prior 18 months. A marginal reduction in jobs at goods producers broadly offset growth at service providers. On the price front, input cost inflation eased to an eight-month low. As a result, output prices inflation slowed to a six-month low, as both service providers and goods producers signaled slower rates of inflation. source: Markit Economics

Composite PMI in India averaged 50.82 points from 2013 until 2021, reaching an all time high of 58 points in October of 2020 and a record low of 7.20 points in April of 2020. This page provides - India Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. India Composite PMI - values, historical data and charts - was last updated on October of 2021.

Composite PMI in India is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Composite PMI is projected to trend around 51.10 points in 2022 and 51.50 points in 2023, according to our econometric models.

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India Composite PMI

India Last Unit Reference Previous Highest Lowest
Services PMI 55.20 points Sep/21 56.70 57.50 5.40
Manufacturing PMI 53.70 points Sep/21 52.30 58.90 27.40
Composite PMI 55.30 points Sep/21 55.40 58.00 7.20

India Composite PMI
In India, the Nikkei India Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index and tracks business trends across private sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. .