The S&P Global India Manufacturing PMI increased to 55.3 in October 2022 from 55.1 in September, exceeding expectations for a slowdown to 54.9 and remaining above its long-run average of 53.7. October data showed historically marked expansions in factory orders and quantities of purchases, while production growth outpaced its long-run average despite softening to a four-month low. Indian manufacturing companies also bought additional inputs in October amid efforts to rebuild stocks and fulfill greater sales, while hiring in the sector increased at a marked rate that was one of the strongest since data collection started in March 2005. Turning to prices, the overall rate of cost inflation was the second-weakest for two years, while the rate of charge inflation eased to the weakest since February. Looking ahead, Indian manufacturers remained confident of a rise in production volumes by October 2023, citing better sales and marketing efforts. source: Markit Economics

Manufacturing PMI in India averaged 52.19 points from 2012 until 2022, 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 November of 2022.

Manufacturing PMI in India is expected to be 53.00 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 52.50 points in 2023 and 53.40 points in 2024, according to our econometric models.

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India Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 55.10 54.30 points Oct 2022
Manufacturing PMI 55.30 55.10 points Oct 2022
Composite PMI 55.50 55.10 points Oct 2022

India Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
55.30 55.10 58.90 27.40 2012 - 2022 points Monthly
SA

News Stream
India Manufacturing PMI Above Expectations
The S&P Global India Manufacturing PMI increased to 55.3 in October 2022 from 55.1 in September, exceeding expectations for a slowdown to 54.9 and remaining above its long-run average of 53.7. October data showed historically marked expansions in factory orders and quantities of purchases, while production growth outpaced its long-run average despite softening to a four-month low. Indian manufacturing companies also bought additional inputs in October amid efforts to rebuild stocks and fulfill greater sales, while hiring in the sector increased at a marked rate that was one of the strongest since data collection started in March 2005. Turning to prices, the overall rate of cost inflation was the second-weakest for two years, while the rate of charge inflation eased to the weakest since February. Looking ahead, Indian manufacturers remained confident of a rise in production volumes by October 2023, citing better sales and marketing efforts.
2022-11-01
India Manufacturing PMI Lowest in 3 Months
The S&P Global India Manufacturing fell to a three-month low of 55.1 in September 2022 from 56.2 in August, missing market estimates of 55.8. Still, this was the 15th straight month of increase in factory activity, despite global headwinds and growing recession risks. Firms stepped up output in tandem with a sustained gain in new orders. Rates of growth stayed historically high, despite easing from August. Meantime, new export orders rose for the sixth straight month, growing the most since May. Also, employment growth hit a 3-month high, with backlogs increasing at a softer rate. There was a marginal deterioration in vendor performance following improvements in the prior three months. On prices, input costs rose at the slowest pace since October 2020 while selling prices went up at the softest pace in 7 months. Finally, sentiment improved for the third month in a row to its highest level in over 7-1/2 years, on marketing efforts, expanded client bases, and greater demand.
2022-10-03
India Manufacturing Growth Stays Robust
The S&P Global India Manufacturing edged down to 56.2 in August 2022 from July’s of 56.4, beating market consensus of 55, signalling the second-strongest expansion in the sector since last November. Both output and new orders expanded at the fastest pace since November, and new export orders rose at a faster rate. At the same time, input purchasing continued to increase, amid a third consecutive improvement in supplier performance. Employment increased at slower pace, with backlogs of work accumulation the fastest since November 2020. On the price side, input cost inflation slowed to a 12-month low, due to a softer rise in commodity prices while output prices little-changed. Finally, sentiment strengthened to a six-year high on hopes stronger sales.
2022-09-01