The S&P Global India Composite PMI increased to 55.5 in October 2022 from September's six-month low of 55.1, outpacing its long-run average, with a stronger rise in the service economy more than offset a slowdown among goods producers. New order growth was at a two-month high, as factory orders expanded faster than sales at service providers. Meantime, input cost inflation accelerated from September's 22-month low, amid faster increases in both the manufacturing and service sectors. The rate of charge inflation steadied, being the joint-weakest in seven months. Services companies signaled a stronger increase than their manufacturing counterparts. source: Markit Economics
Composite PMI in India averaged 51.57 points from 2013 until 2022, reaching an all time high of 59.20 points in November of 2021 and a record low of 7.20 points in April of 2020. This page provides - India Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. India Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Composite 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 Composite PMI is projected to trend around 51.00 points in 2023 and 51.50 points in 2024, according to our econometric models.