The S&P Global India Manufacturing declined to 53.9 in June 2022 from 54.6 in May, below market consensus of 54.5, pointing to the weakest growth in the sector since last September. Both output and new orders grew for the twelfth straight month, with the rate of expansion easing to nine-month lows. Also, export orders rose for the third month running, despite the rate of growth moderating from May's 11-year high. At the same time, input purchasing increased, while supplier delivery times shortened for the first time since 2021. Employment rose slightly, with backlogs of work rising marginally. On the price side, input prices continued to rise due to higher prices in chemicals, electronics, energy, metals and textiles. Meantime, output price inflation eased to a three-month low. Finally, sentiment deteriorated to a 27-month low amid concerns over inflationary pressure. source: Markit Economics
Manufacturing PMI in India averaged 52.08 points from 2012 until 2022, reaching an all time high of 58.90 points in October of 2020 and a record low of 27.40 points in April of 2020. This page provides the latest reported value for - India Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Manufacturing PMI in India is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Manufacturing PMI is projected to trend around 50.90 points in 2023, according to our econometric models.