The Nikkei India Services PMI rose to 52.5 in February 2019 from a three-month low of 52.2 in January, matching market consensus. New business received by services companies rose at a faster pace, despite a renewed contraction in external sales, and employment growth remained solid. On the price front, input cost inflation softened slightly and the rate of charge inflation moderated to the joint-weakest over the last 25 months. Finally, business sentiment among service providers strengthened on the back of expectations of further improvements in domestic demand, advertising efforts and the offering of new services. Services PMI in India is reported by Markit Economics.

Services PMI in India is expected to be 50.40 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 50.50 in 12 months time. In the long-term, the India Services PMI is projected to trend around 49.60 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 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 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.50 52.20 57.50 44.60 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 44.50 Feb/19
Brazil 52.20 Feb/19
China 51.10 Feb/19
Euro Area 52.80 Feb/19
France 50.20 Feb/19
Germany 55.30 Feb/19
India 52.50 Feb/19
Italy 50.40 Feb/19
Japan 52.30 Feb/19
Russia 55.30 Feb/19
Spain 54.50 Feb/19
United Kingdom 51.30 Feb/19
United States 56.00 Feb/19


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