The Nikkei India Services PMI dropped unexpectedly to 51.0 in April 2019 from 52.0 in the previous month and missing market consensus of 52.5. The latest PMI reading pointed to the weakest pace of expansion in the service sector since September last year, amid disruptions arising from the elections, with both output and new business rising the least in seven months. Meanwhile, export sales increased the most in ten months and employment growth accelerated. At the same time, firms continued to report greater levels of unfinished business as clients delayed payment. On the price front, rates of inflation for input costs and output charges remained weak by historical standards. Looking ahead, sentiment strengthened, supported by marketing initiatives, the upcoming launch of low-cost services and efforts to expand capacity. Services PMI in India is reported by Markit Economics.

Services PMI in India is expected to be 51.50 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 49.80 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 51.80 52.60 55.00 47.90 [+]
Services PMI 51.00 52.00 57.50 44.60 Index Points [+]
Industrial Production -0.10 0.10 19.90 -7.20 percent [+]
Industrial Production Mom 10.00 -5.00 14.80 -14.20 percent [+]
Manufacturing Production -0.40 -0.40 24.30 -9.10 percent [+]
Changes in Inventories 380.27 392.51 731.25 184.29 INR Billion [+]
Car Production 229204.00 237936.00 292861.00 7277.00 Units [+]
Car Registrations 218679.00 251130.00 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 0.80 2.20 13.00 -17.50 percent [+]
Steel Production 9412.00 8738.00 9412.00 713.00 Thousand Tonnes [+]
Cement Production 33124.00 28511.00 33124.00 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 51.70 52.70 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.00 52.00 57.50 44.60 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.50 May/19
France 51.70 May/19
Germany 55.00 May/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 50.90 May/19


Related

Latest