The Nikkei India Manufacturing PMI dropped to 51.8 in April 2019 from 52.6 in the prior month and below market expectations of 52.5. This was the weakest PMI reading since August last year, as output rose the least since September 2018 and new business growth moderated to its lowest in eight months, amid cash flow difficulties and competitive pressures. Also, employment expanded at the softest rate in the current 13-month sequence of job creation, while buying levels went up at the slowest pace since the latest stretch of growth started in mid-2018. Meanwhile, export sales grew at a solid rate that was marginally faster than in March. On the price front, input cost inflation eased to a 43-month low and the rate of charge inflation was marginal and below its long-run average. Finally, output expectations remained positive in April, with optimism supported by post-election growth predictions. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 51.80 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 52.30 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 53.00 in 2020, according to our econometric models.

India Manufacturing PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 113.50 116.20 127.50 96.40 Index Points [+]
Manufacturing PMI 51.80 52.60 55.00 47.90 [+]
Services PMI 51.00 52.00 57.50 44.60 Index Points [+]
Industrial Production -0.10 0.10 19.90 -7.20 percent [+]
Industrial Production Mom 10.00 -5.00 14.80 -14.20 percent [+]
Manufacturing Production -0.40 -0.40 24.30 -9.10 percent [+]
Changes in Inventories 380.27 392.51 731.25 184.29 INR Billion [+]
Car Production 229204.00 237936.00 292861.00 7277.00 Units [+]
Car Registrations 218679.00 251130.00 304900.00 6508.00 [+]
Internet Speed 6492.06 5567.50 6492.06 784.09 KBps [+]
IP Addresses 9378846.00 9261013.00 14278593.00 1768679.00 IP [+]
Mining Production 0.80 2.20 13.00 -17.50 percent [+]
Steel Production 9412.00 8738.00 9412.00 713.00 Thousand Tonnes [+]
Cement Production 33124.00 28511.00 33124.00 9355.00 Thousands of Tonnes [+]
Capacity Utilization 74.80 73.80 83.20 71.00 percent [+]
Competitiveness Index 62.02 60.83 62.02 4.20 Points [+]
Competitiveness Rank 58.00 63.00 71.00 42.00 [+]
Composite Pmi 51.70 52.70 55.40 46.00 [+]
Corruption Index 41.00 40.00 41.00 26.30 Points [+]
Corruption Rank 78.00 81.00 95.00 35.00 [+]
Ease of Doing Business 77.00 100.00 139.00 77.00 [+]


India Manufacturing PMI

The Nikkei 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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.80 52.60 55.00 47.90 2012 - 2019 Monthly
SA




Country Last Previous
Australia 54.80 Apr/19
Brazil 51.50 Apr/19
Canada 49.70 Apr/19
China 50.20 Apr/19
Euro Area 47.90 Apr/19
France 50.00 Apr/19
Germany 44.40 Apr/19
India 51.80 Apr/19
Indonesia 50.40 Apr/19
Italy 49.10 Apr/19
Japan 49.60 May/19
Mexico 50.10 Apr/19
Netherlands 52.00 Apr/19
Russia 51.80 Apr/19
Saudi Arabia 56.80 Apr/19
Singapore 50.30 Apr/19
South Africa 47.20 Apr/19
South Korea 50.20 Apr/19
Spain 51.80 Apr/19
Switzerland 48.50 Apr/19
Turkey 46.80 Apr/19
United Kingdom 53.10 Apr/19
United States 52.60 Apr/19


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