The IHS Markit India Manufacturing PMI fell to 52.1 in June 2019 from a three month-high of 52.7 in the previous month, but above market estimates of 51.7. A softer increase in new work intakes translated into slower rises in output and employment. Also, new export order growth eased to the second-slowest in over a year. Meantime, input buying strengthened to a four-month high, with stocks rising the most in over two years, while there was another decline in inventories of finished goods. In terms of prices, June data continued to show only a moderate increase in input costs, which in turn supported another round of selling charges discounting. Lastly, sentiment remained upbeat, though weakened slightly from that recorded in May. 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 52.10 52.70 55.00 47.90 [+]
Services PMI 49.60 50.20 57.50 44.60 Index Points [+]
Industrial Production 3.10 4.30 19.90 -7.20 percent [+]
Industrial Production Mom 4.50 -9.20 14.80 -14.20 percent [+]
Manufacturing Production 2.50 4.00 24.30 -9.10 percent [+]
Changes in Inventories 417.62 381.77 731.25 184.29 INR Billion [+]
Car Production 217200.00 229204.00 292861.00 7277.00 Units [+]
Car Registrations 195933.00 210462.00 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 3.20 5.10 13.00 -17.50 percent [+]
Steel Production 9196.00 8785.00 9412.00 713.00 Thousand Tonnes [+]
Cement Production 28562.00 28727.00 33124.00 9355.00 Thousands of Tonnes [+]
Capacity Utilization 75.90 74.80 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 50.80 51.70 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.10 52.70 55.00 47.90 2012 - 2019 Monthly
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Country Last Previous
Australia 49.43 Jun/19
Brazil 51.00 Jun/19
Canada 49.20 Jun/19
China 49.40 Jun/19
Euro Area 47.60 Jun/19
France 51.90 Jun/19
Germany 45.00 Jun/19
India 52.10 Jun/19
Indonesia 50.60 Jun/19
Italy 48.40 Jun/19
Japan 49.30 Jun/19
Mexico 49.20 Jun/19
Netherlands 50.70 Jun/19
Russia 48.60 Jun/19
Saudi Arabia 57.40 Jun/19
Singapore 49.60 Jun/19
South Africa 46.20 Jun/19
South Korea 47.50 Jun/19
Spain 47.90 Jun/19
Switzerland 47.70 Jun/19
Turkey 47.90 Jun/19
United Kingdom 48.00 Jun/19
United States 50.60 Jun/19


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