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.