The S&P Global India Composite PMI fell to a three-month low of 56.6 in July 2022 from 58.2 in the prior month. Still, the latest reading pointed to the 11th straight month of increase in private sector activity. While the growth of services activity eased to the weakest in four months, manufacturing rose the most since last November. New orders went up the least since March, despite the rate of growth staying sharp; while employment increased marginally, as rates of expansion were broadly alike at goods producers and service providers. On the cost side, purchase prices and selling charges rose at the slowest rates since February and March respectively, reflecting a broad-based slowdown in rates of input cost and selling charge inflation across the manufacturing and service sectors. source: Markit Economics
Composite PMI in India averaged 51.44 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 August of 2022.
Composite PMI in India is expected to be 54.00 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 51.50 points in 2023, according to our econometric models.