The S&P Global India Manufacturing PMI fell to a three-month low of 55.4 in January of 2023 from 57.8 in December while pointing to the 19th straight month of expansion. Both output and new orders grew at softer paces, with foreign sales increasing the least in ten months, while input buying also eased despite the level of growth remaining strong. Meanwhile, employment was broadly unchanged, as outstanding business volumes rose at a slight pace that was weaker than in December and historically muted. Firms pointed to a lack of pressure on the capacity of their suppliers, with delivery times shortening. On the price front, input cost inflation was at a 3-month high, linked to higher prices for items like energy, metal, and electronic components, but was well below its long-run average. Selling prices, meantime, rose further despite slowing from December. Finally, sentiment slipped to a six-month low, though remained above its long-run trend. source: Markit Economics
Manufacturing PMI in India averaged 52.29 points from 2012 until 2023, reaching an all time high of 58.90 points in October of 2020 and a record low of 27.40 points in April of 2020. This page provides the latest reported value for - India Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Manufacturing PMI in India is expected to be 54.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Manufacturing PMI is projected to trend around 53.40 points in 2024 and 52.00 points in 2025, according to our econometric models.