The IHS Markit India Manufacturing PMI increased to a three-month high of 57.7 in January of 2021 from 56.4 in the previous month and above market consensus of 56, as the economy continued to recover amid the loosening of COVID-19 restrictions. Output growth accelerated to the fastest pace since last October while new orders rose at the quickest in three months. Meantime, employment fell further, with job shedding moderated. On the price front, input cost inflation accelerated to a 28-month high. As a result, output charges rose to the fastest pace in over a year. Finally, business confidence improved on the back of vaccine rollout, increased marketing budgets and projects in the pipeline. source: Markit Economics

Manufacturing PMI in India averaged 51.71 points from 2012 until 2021, 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 February of 2021.

Manufacturing PMI in India is expected to be 51.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in India to stand at 51.00 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 51.00 points in 2022, according to our econometric models.

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India Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.70 56.40 58.90 27.40 2012 - 2021 points Monthly
SA


News Stream
India Manufacturing PMI Rises to 3-Month High
The IHS Markit India Manufacturing PMI increased to a three-month high of 57.7 in January of 2021 from 56.4 in the previous month and above market consensus of 56, as the economy continued to recover amid the loosening of COVID-19 restrictions. Output growth accelerated to the fastest pace since last October while new orders rose at the quickest in three months. Meantime, employment fell further, with job shedding moderated. On the price front, input cost inflation accelerated to a 28-month high. As a result, output charges rose to the fastest pace in over a year. Finally, business confidence improved on the back of vaccine rollout, increased marketing budgets and projects in the pipeline.
2021-02-01
India Manufacturing Growth Remains Strong in December
The IHS Markit India Manufacturing PMI stood at 56.4 in December 2020, little-changed from the previous month's 56.3 and slightly below market consensus of 56.6. The latest reading was consistent with a marked improvement in business conditions across the sector, as the economy continued to recover amid the loosening of COVID-19 restrictions, strengthening demand and improved market conditions. Output and new orders grew solidly, albeit at the softest pace in four months, while employment declined for a ninth straight month. On the price front, input cost inflation accelerated to a 26-month high, due to higher prices for chemicals, metals, plastics and textiles. As a result, output charges rose marginally. Finally, business confidence weakened to a four-month low as some firms were concerned about the lasting effect of the COVID-19 pandemic on the global economy.
2021-01-04
India Manufacturing Activity Slows Down
The IHS Markit India Manufacturing PMI declined to 56.3 in November 2020 from 58.9 in October, below market consensus of 57.3 but still pointing to a strong expansion amid ongoing loosening of COVID-19 restrictions. Output expanded at a softer pace, while new orders rose at the slowest pace in three months, with export sales rising at a softer pace. Meantime, employment continued to decline. Input cost inflation accelerated to the strongest in two years, due to a faster rise in prices of chemicals, metals, plastics and textiles. As a result, selling prices rose to a nine-month high. Finally, business confidence faded slightly in November.
2020-12-01
India Factory Growth Highest in Over A Decade
The IHS Markit India Manufacturing PMI rose to 58.9 in October 2020 from 56.8 in September, easily beating market consensus of 55.4. The latest reading pointed to the strongest improvement in the health of the sector in over a decade, amid ongoing relaxation of COVID-19 restrictions. Output expanded by the most since late-2007 and new order growth hit its highest level since mid-2008, with export sales rising at a quicker pace. Meantime, payroll numbers were lowered due to government guidelines related to the pandemic, while backlogs of work rose the least in the current six-month period of accumulation. Pressure on supplier capacity subsided, as indicated by the slowest rise in delivery times for seven months. Inflationary pressures, meantime, remained subdued as seen by a modest increase in input costs and only marginal rise in selling prices. Finally, business confidence was at a 50-month high.
2020-11-02

India Manufacturing PMI
The IHS Markit 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.