The Nikkei India Services PMI dropped to 52.0 in March 2019 from 52.5 in the previous month and below market consensus of 52.5. The latest reading pointed to the weakest expansion in the services sector since September last year, as output growth eased to a six-month low mainly driven by a slowdown in new business. In addition, the job creation rate went up at the softest pace in six months, amid sufficient employee numbers to handle current workloads. On the price front, input cost inflation slowed to a three-month low. Finally, optimism regarding the year-ahead outlook for business activity strengthened to a six-month high, boosted by greater inbound tourism, marketing efforts and wider product offerings outlook. Services PMI in India is reported by Markit Economics.

Services PMI in India is expected to be 51.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in India to stand at 49.80 in 12 months time. In the long-term, the India Services PMI is projected to trend around 52.60 Index Points in 2020, according to our econometric models.

India Services PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 113.50 116.20 127.50 96.40 Index Points [+]
Manufacturing PMI 52.60 54.30 55.00 47.90 [+]
Services PMI 52.00 52.50 57.50 44.60 Index Points [+]
Industrial Production 0.10 1.40 19.90 -7.20 percent [+]
Industrial Production Mom -5.00 0.10 14.80 -14.20 percent [+]
Manufacturing Production -0.30 1.00 24.30 -9.10 percent [+]
Changes in Inventories 380.27 392.51 731.25 184.29 INR Billion [+]
Car Production 237936.00 239361.00 292861.00 7277.00 Units [+]
Car Registrations 251130.00 226322.00 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 2.00 3.90 13.00 -17.50 percent [+]
Steel Production 8738.00 9180.00 9227.00 713.00 Thousand Tonnes [+]
Cement Production 28511.00 29859.00 29859.00 9355.00 Thousands of Tonnes [+]
Capacity Utilization 74.80 73.80 83.20 71.00 percent [+]
Competitiveness Index 62.02 60.83 62.02 4.20 Points [+]
Competitiveness Rank 58.00 63.00 71.00 42.00 [+]
Composite Pmi 52.70 53.80 55.40 46.00 [+]
Corruption Index 41.00 40.00 41.00 26.30 Points [+]
Corruption Rank 78.00 81.00 95.00 35.00 [+]
Ease of Doing Business 77.00 100.00 139.00 77.00 [+]


India Services PMI

The Nikkei India Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - India Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Services PMI - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.00 52.50 57.50 44.60 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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