The Composite PMI in India increased to 55.4 points in August 2021 from 49.2 points in the previous month, pointing to a renewed increase in private sector activity, ending a three-month period of downturn. Meanwhile, services firms outperformed manufacturers for the first time in over three years. Aggregate new orders rose, after declining in each of the previous three months, with growth softened noticeably among goods producers, while services firms noted the first expansion in sales for four months. At the same time, employment dropped further, but the pace of contraction eased to the slowest in 17 months. On the price front, input price inflation accelerated, while output price inflation eased to the slowest since March. 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 September 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.