The Nikkei India Manufacturing PMI increased unexpectedly to 54.3 in February 2019 from 53.9 in a month earlier and beating market expectations of 53.5. The latest reading pointed to the strongest pace of expansion in the manufacturing sector since December 2017, boosted by a sharp and accelerated increase in both output and employment. Also, there was a marked and accelerated upturn in new export work, with a number of panellists indicated the acceptance of bulk orders from clients in key export destinations. In addition, input buying rose solidly and there was a modest accumulation in preproduction inventories, though stocks of finished goods decreased as firms utilised them to fulfil orders. In term of prices, both input cost and output charge inflation remained subdued by historical standards, despite picking up from January. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 51.90 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 51.40 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 116.20 115.00 127.50 96.40 Index Points [+]
Manufacturing PMI 54.30 53.90 55.00 47.90 [+]
Services PMI 52.50 52.20 57.50 44.60 Index Points [+]
Industrial Production 1.70 2.60 19.90 -7.20 percent [+]
Industrial Production Mom 0.40 6.20 14.80 -14.20 percent [+]
Manufacturing Production 1.30 2.90 24.30 -9.10 percent [+]
Changes in Inventories 380.27 392.51 731.25 184.29 INR Billion [+]
Car Production 239361.00 253744.00 292861.00 7277.00 Units [+]
Car Registrations 226322.00 235295.00 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 3.90 -1.00 13.00 -17.50 percent [+]
Steel Production 9180.00 9010.00 9227.00 713.00 Thousand Tonnes [+]
Cement Production 29859.00 28877.00 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 53.80 53.60 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 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.30 53.90 55.00 47.90 2012 - 2019 Monthly
SA




Country Last Previous
Australia 54.00 Feb/19
Brazil 53.40 Feb/19
Canada 52.60 Feb/19
China 49.90 Feb/19
Euro Area 49.30 Feb/19
France 51.50 Feb/19
Germany 47.60 Feb/19
India 54.30 Feb/19
Indonesia 50.10 Feb/19
Italy 47.70 Feb/19
Japan 48.90 Mar/19
Mexico 52.60 Feb/19
Netherlands 52.70 Feb/19
Russia 50.10 Feb/19
Saudi Arabia 56.60 Feb/19
Singapore 50.40 Feb/19
South Africa 46.20 Feb/19
South Korea 47.20 Feb/19
Spain 49.90 Feb/19
Switzerland 55.40 Feb/19
Turkey 46.40 Feb/19
United Kingdom 52.00 Feb/19
United States 53.00 Feb/19


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