The Nikkei India Manufacturing PMI dropped to 53.2 in December of 2018 from an 11-month high of 54.0 in the previous month. Still, the latest figure was the second-greatest in 2018 and contributed to highest quarterly average since Q3 FY 2012. Output growth slowed, amid competitive pressures, labour issues and challenging public policies, and job creation weakened to a four-month low as companies were cautious about making hiring decisions ahead of next year’s elections. Meanwhile, backlogs were accumulated to the quickest extent since May and new orders went up at the second-quickest rate in 2018, with exports rising for the 14th straight month. On the price front, input cost inflation eased to a 34-month low, which translated into broadly no change in factory gate charges. Looking ahead, the level of confidence moderated from mid-quarter and was subdued in the context of historical survey data. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 52.10 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 52.80 in 2020, according to our econometric models.

India Manufacturing PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 64.90 60.10 71.80 45.70 Index Points [+]
Manufacturing PMI 53.20 54.00 55.00 47.90 [+]
Services PMI 53.20 53.70 57.50 44.60 Index Points [+]
Industrial Production 0.50 8.40 19.90 -7.20 percent [+]
Industrial Production Mom -4.80 3.30 14.80 -14.20 percent [+]
Manufacturing Production -0.40 8.20 24.30 -9.10 percent [+]
Changes in Inventories 245.80 237.18 731.25 184.29 INR Billion [+]
Car Production 203516.00 249913.00 292861.00 7277.00 Units [+]
Car Registrations 231082.00 242233.00 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 2.70 7.20 13.00 -17.50 percent [+]
Steel Production 8490.00 8770.00 9227.00 713.00 Thousand Tonnes [+]
Cement Production 26098.00 28372.00 28579.00 9355.00 Thousands of Tonnes [+]
Competitiveness Index 62.02 60.83 62.02 4.20 Points [+]
Competitiveness Rank 58.00 63.00 71.00 42.00 [+]
Composite Pmi 53.60 54.50 55.40 46.00 [+]
Corruption Index 40.00 40.00 40.00 26.30 Points [+]
Corruption Rank 81.00 79.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.20 54.00 55.00 47.90 2012 - 2018 Monthly
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Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


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