The IHS Markit India Manufacturing PMI rose to 55.3 in January 2020 from 52.7 in the previous month, easily beating market consensus of 52.8. The latest reading pointed to the strongest pace of expansion in the sector in nearly eight years, as output grew the most for over seven-and-a-half years and new business rose the most in five years boosted by the steepest increase in exports since November 2018. Also, employment growth accelerated to the strongest in seven-and-a-half years. On the price front, both input costs and output charges rose at a softer rate. Finally, business optimism strengthened due to higher demand, new client wins, marketing efforts, capacity expansion and new product releases.

Manufacturing PMI in India averaged 51.97 points from 2012 until 2020, reaching an all time high of 55.30 points in January of 2020 and a record low of 47.90 points in July of 2017. 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. source: Markit Economics

Manufacturing PMI in India is expected to be 50.80 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 50.80 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.


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India Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.30 52.70 55.30 47.90 2012 - 2020 points Monthly
SA


News Stream
India Manufacturing PMI Jumps to 8-Year High
The IHS Markit India Manufacturing PMI rose to 55.3 in January 2020 from 52.7 in the previous month, easily beating market consensus of 52.8. The latest reading pointed to the strongest pace of expansion in the sector in nearly eight years, as output grew the most for over seven-and-a-half years and new business rose the most in five years boosted by the steepest increase in exports since November 2018. Also, employment growth accelerated to the strongest in seven-and-a-half years. On the price front, both input costs and output charges rose at a softer rate. Finally, business optimism strengthened due to higher demand, new client wins, marketing efforts, capacity expansion and new product releases.
2020-02-03
India Manufacturing PMI Rises to 7-Month High
The IHS Markit India Manufacturing PMI rose to a seven-month high of 52.7 in December 2019 from 51.2 in the prior month. Output expanded at a marked pace, the joint-fastest in ten months; and new work increased solidly, with the pace of expansion picking up to the fastest since July. In addition, new export orders were up for the 26th month in a row, albeit modestly; and employment growth rebounded to the strongest since February. Firms also increased input buying following contractions in the prior four months. On the price front, input cost inflation was at 13-month high, amid reports of higher prices paid for chemicals, food, metals, paper, plastics and textiles. To protect margins, companies lifted their fees again. The rate of charge inflation was solid and the quickest in close to three years. Finally, the degree of business optimism weakened to a 34-month low.
2020-01-02
Indian Factory Activity Grows Unexpectedly
The IHS Markit India Manufacturing PMI rose to 51.2 in November 2019 from a two-year low of 50.6 in the previous month and beating market expectations of 49.8. Growth rates for new orders and production were modest, despite accelerating from October's recent lows. Also, export sales expanded further, though the rate was among the weakest over the past year-and-a-half. Meantime, firms shed jobs for the first time in 20 months and continued to reduce input buying. On the price front, there were slight increases in both input and output prices. Lastly, business sentiment strengthened, with panel members expecting advertising efforts and product diversification to support output growth in the year ahead.
2019-12-02
Indian Manufacturing Growth at 2-Year Low
The IHS Markit India Manufacturing PMI fell to 50.6 in October 2019, the lowest since October 2017, from 51.4 in the prior month and compared with market expectations of 51.8. Both output and new orders expanded at the slowest rate in two years. Also, employment grew for the 19th month, but the pace of job creation was the second weakest over this period, with backlogs of works accumulating the most since March; while quantities of purchases fell for the third month in a row. At the same time, there was a faster rise in export sales, amid improving global demand. On the price front, input cost inflation fell fractionally. Conversely, selling prices continued to increase, with the rate of charge inflation was at a seven-month high.
2019-11-01

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.