The IHS Markit India Manufacturing PMI declined to 52.3 in August 2021 from 55.3 a month earlier and below market consensus of 55, indicating a softer rate of growth that was subdued in the context of historical survey data. Both output and new orders growth eased, amid the coronavirus pandemic and rising input prices. Meanwhile, new export orders increased, with the pace of expansion was only marginal. At the same time, employment slipped back into contractionary in August, after growing in July for the first time in 16 months, with backlogs declined at a slight pace. Prices data showed input cost inflation eased, while output cost inflation accelerated to a three-month high, but was below that seen for input costs. Lastly, business confidence remained subdued, due to concerns surrounding the damaging impact of COVID-19 on demand and firms' finances. source: Markit Economics
Manufacturing PMI in India averaged 51.82 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 September of 2021.
Manufacturing PMI in India is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Manufacturing PMI is projected to trend around 51.00 points in 2022 and 50.90 points in 2023, according to our econometric models.