The IHS Markit India Services PMI fell unexpectedly to 49.6 in June 2019 from 50.2 in May, missing market forecasts of 50.4. That pointed to the first contraction in services activity since May 2018 when the reading was also at 49.6. New orders were broadly stagnant amid competitive pressures and weak underlying demand. Meanwhile, foreign sales rose for the fourth straight month, albeit at a slower pace, and employment growth slowed to a 22-month low. Unfinished business continued to rise, which panel members linked to delayed client payments. On the price front, despite accelerating from May's 28-month low, overall rate of input cost inflation was negligible and below the average over the survey history. Selling prices rose further, but the rate of charge inflation was marginal, holding close to May's three-month low and remaining below its long-run trend. Finally, confidence weakened to a four-month low, though remained positive. Services PMI in India is reported by Markit Economics.

Services PMI in India is expected to be 50.80 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 50.80 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
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


India Business Last Previous Highest Lowest Unit
Business Confidence 113.50 116.20 127.50 96.40 Index Points [+]
Manufacturing PMI 52.10 52.70 55.00 47.90 [+]
Services PMI 49.60 50.20 57.50 44.60 Index Points [+]
Industrial Production 3.10 4.30 19.90 -7.20 percent [+]
Industrial Production Mom 4.50 -9.20 14.80 -14.20 percent [+]
Manufacturing Production 2.50 4.00 24.30 -9.10 percent [+]
Changes in Inventories 417.62 381.77 731.25 184.29 INR Billion [+]
Car Production 182596.00 217200.00 292861.00 7277.00 Units [+]
Car Registrations 195933.00 210462.00 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 3.20 5.10 13.00 -17.50 percent [+]
Steel Production 9196.00 8785.00 9412.00 713.00 Thousand Tonnes [+]
Cement Production 28562.00 28727.00 33124.00 9355.00 Thousands of Tonnes [+]
Capacity Utilization 75.90 74.80 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 50.80 51.70 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.60 50.20 57.50 44.60 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 52.20 Jun/19
Brazil 48.20 Jun/19
China 52.00 Jun/19
Euro Area 53.60 Jun/19
France 52.90 Jun/19
Germany 55.80 Jun/19
India 49.60 Jun/19
Italy 50.50 Jun/19
Japan 51.90 Jun/19
Russia 49.70 Jun/19
Spain 53.60 Jun/19
United Kingdom 50.20 Jun/19
United States 51.50 Jun/19


Related

Latest