The IHS Markit India Manufacturing PMI increased to 47.2 in June 2020 from 30.8 in the previous month, easily beating market consensus of 37.5. Despite the rise, the latest reading pointed to a third straight monthly fall in the health of the manufacturing sector, albeit one that was far softer than registered in April and May. Both output and new orders fell at slower rates, while export sales dropped for the fourth month in a row. At the same time, employment shrank further, with the rate of workforce contraction remaining among the quickest since data collection began in March 2005. On the cost front, input prices continued to fall. The rate of decrease accelerated from May, but remained far softer than April's survey record. Amid falling cost burdens, manufacturers opted to continue cutting their average output prices. Lastly, business confidence improved to a four-month high.

Manufacturing PMI in India averaged 51.48 points from 2012 until 2020, reaching an all time high of 55.30 points in January 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 2020. source: Markit Economics

Manufacturing PMI in India is expected to be 52.00 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 52.00 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 51.00 points in 2021, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
India Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.20 30.80 55.30 27.40 2012 - 2020 points Monthly
SA


News Stream
India Manufacturing Shrinks for 3rd Month
The IHS Markit India Manufacturing PMI increased to 47.2 in June 2020 from 30.8 in the previous month, easily beating market consensus of 37.5. Despite the rise, the latest reading pointed to a third straight monthly fall in the health of the manufacturing sector, albeit one that was far softer than registered in April and May. Both output and new orders fell at slower rates, while export sales dropped for the fourth month in a row. At the same time, employment shrank further, with the rate of workforce contraction remaining among the quickest since data collection began in March 2005. On the cost front, input prices continued to fall. The rate of decrease accelerated from May, but remained far softer than April's survey record. Amid falling cost burdens, manufacturers opted to continue cutting their average output prices. Lastly, business confidence improved to a four-month high.
2020-07-01
India Manufacturing PMI Second-Lowest on Record
The IHS Markit India Manufacturing PMI increased to 30.8 in May 2020 from a record low of 27.4 in the previous month, but far below market consensus of 38. The latest reading pointed to another substantial deterioration in business conditions, amid the ongoing national lockdown. Output and new orders fell at softer rates, with new business from abroad plunging further in May. In addition, firms reduced their staff numbers at the quickest pace since the series began in 2005. On the price front, both input costs and output charges were lowered markedly as suppliers and manufacturers themselves offered discounts in an attempt to secure orders. Finally, the degree of business optimism remained historically subdued even as manufacturers expected a return to growth once all coronavirus-related restrictions are lifted.
2020-06-01
India Manufacturing PMI Falls to Record Low
The IHS Markit India Manufacturing PMI tumbled to 27.4 in April 2020 from 51.8 in the previous month and far below market consensus of 42. The latest reading pointed to the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago, amid national lockdown restrictions to help stem the spread of the COVID-19. Output contracted at a record pace and firms reduced their staff numbers at the quickest rate on record. Meantime, new orders fell for the first time in two-and-a-half years and at the sharpest pace in the survey's history. On the price front, both input costs and output charges were lowered markedly as suppliers and manufacturers themselves offered discounts in an attempt to secure orders. Finally, confidence towards the business outlook for production ticked up from March's recent low on hopes that demand will rebound once the COVID-19 threat has diminished and lockdown restrictions eased.
2020-05-04
India Manufacturing Growth Eases to 4-Month Low
The IHS Markit India Manufacturing PMI declined to a four-month low of 51.8 in March 2020 from 54.5 in the previous month, but beating market consensus of 50.3. Output and new orders rose at a softer pace, with exports falling the most since September 2013 amid widespread lockdowns due to the coronavirus pandemic. There was also evidence that the COVID-19 negatively impacted the supply-side of the sector, with vendor performance deteriorating for the first time since last October. On the price front, both input costs and output charges rose marginally. Finally, confidence towards the business outlook plummeted to a record low, with positivity tapered by Covid-19 concerns.
2020-04-02

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.