The S&P Global India Manufacturing was little-changed to 54.6 in May 2022 from 54.7 in April, compared to market consensus of 53.8. The latest reading marked the 11th straight month of expansion in the manufacturing sector, as both output and new orders grew at the same pace in the prior month, with new export orders rising to the fastest since April 2011, amid loosening of Covid-19 restrictions. At the same time, input purchasing rose sharply and the quickest since last November, with supplier delivery times further lengthening; and employment increased to the strongest since January. On the price side, input prices continued to rise due to higher prices in electronic components, energy, freight, foodstuff, metals and textiles. Meanwhile, output price inflation accelerated to an over eight-and-a-half years, as companies continued to transfer additional cost burdens to their clients. Finally, sentiment weakened to the second-lowest in just over two years on inflationary concerns. source: Markit Economics

Manufacturing PMI in India averaged 52.06 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 June of 2022.

Manufacturing 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 Manufacturing PMI is projected to trend around 50.90 points in 2023, according to our econometric models.

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India Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 58.90 57.90 points May 2022
Manufacturing PMI 54.60 54.70 points May 2022
Composite PMI 58.30 57.60 points May 2022

India Manufacturing PMI
The S&P Global India Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 500 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
54.60 54.70 58.90 27.40 2012 - 2022 points Monthly
SA

News Stream
India Manufacturing PMI Little-Changed
The S&P Global India Manufacturing was little-changed to 54.6 in May 2022 from 54.7 in April, compared to market consensus of 53.8. The latest reading marked the 11th straight month of expansion in the manufacturing sector, as both output and new orders grew at the same pace in the prior month, with new export orders rising to the fastest since April 2011, amid loosening of Covid-19 restrictions. At the same time, input purchasing rose sharply and the quickest since last November, with supplier delivery times further lengthening; and employment increased to the strongest since January. On the price side, input prices continued to rise due to higher prices in electronic components, energy, freight, foodstuff, metals and textiles. Meanwhile, output price inflation accelerated to an over eight-and-a-half years, as companies continued to transfer additional cost burdens to their clients. Finally, sentiment weakened to the second-lowest in just over two years on inflationary concerns.
2022-06-01
India Manufacturing Sector Grows More than Expected
The S&P Global India Manufacturing increased to 54.7 in April 2022 from 54.0 in March, beating market consensus of 53.8. The latest reading marked the tenth straight month of expansion in the manufacturing sector, due to faster expansions in both new orders and output, amid an easing of Covid-19 restrictions. Meanwhile, new export orders increased solidly and the strongest since last July. At the same time, buying level rose the most since last November, while employment increased modestly, with backlogs of work rising marginally; and vendor performance continued to worsen, albeit only modestly. On the price side, input price inflation quickened to a five-month high and outpaced its long-run trend. Output prices, meanwhile, rose the most in 12 months. Finally, sentiment remained subdued by historical standards, with some firms foreseeing further improvement in demand while others noted that the business outlook was hard to predict.
2022-05-02
India Manufacturing PMI Drops to 6-Month Low
The S&P Global India Manufacturing unexpectedly fell to 54.0 in March 2022 from 54.9 in February, missing market consensus of 55.2. The latest reading marked the slowest growth in factory activity since last September, amid slower expansions in new orders and output as well as a renewed decline in new export orders. At the same time, buying level rose the least since August 2021 while employment stabilized following three successive months of job shedding. Outstanding business increased marginally as the vast majority of panellists signaled no change in backlogs from February's levels. Vendor performance showed signs of stabilization, as supplier delivery times lengthened the least in almost a year. On the price side, input price inflation quickened and outpaced its long-run average. Output prices, meanwhile, rose the most in five months, but was moderate and matched its long-run average. Finally, sentiment hit its lowest in two years, due to mounting concerns over price pressures.
2022-04-04