The Composite PMI in India declined to 48.1 points in May 2021 from 55.4 points in the previous month. This was the lowest reading since last August, pointing to a renewed decline in private sector activity as the service economy dipped back into contraction. Softer increases were recorded in the manufacturing, and was the slowest in the current ten-month sequence of expansion. Meanwhile, aggregate new orders fell for the first time in nine months, albeit at a moderate pace. At the same time, employment declined further, marking a 15-month sequence of job shedding, with the rate of reduction was modest, but the quickest since last October. On the price front, input prices inflation slowed to a four-month low. As a result, selling prices rose modestly. source: Markit Economics
Composite PMI in India averaged 50.82 points from 2013 until 2021, reaching an all time high of 58 points in October of 2020 and a record low of 7.20 points in April of 2020. This page provides - India Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. India Composite PMI - values, historical data and charts - was last updated on June of 2021.
Composite PMI in India is expected to be 53.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in India to stand at 53.00 in 12 months time. In the long-term, the India Composite PMI is projected to trend around 51.10 points in 2022 and 51.50 points in 2023, according to our econometric models.