The IHS Markit India Manufacturing PMI was down to 55.5 in December 2021 from a tenth-month high of 57.6 in October, missing market consensus of 57.2. Still, the latest reading pointed to robust operating conditions that were elevated by historical standards. Growth of new work and production stayed sharp in spite of losing momentum, while employment fell fractionally amid a lack of pressure on capacity. At the same time, foreign sales rose for the sixth month in a row and buying levels increased substantially on the back of restocking efforts. As for supply chains, vendor performance worsened the most since August 2020 due to raw material scarcity. On inflation, input price inflation eased to a three-month low but remained sharp and above its long-run average. Output charges rose, but the overall rate of inflation was only slight and the weakest since October 2020. Finally, confidence improved from November's 17-month low but remained below its long-run average. source: Markit Economics

Manufacturing PMI in India averaged 51.95 points from 2012 until 2021, 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 January of 2022.

Manufacturing PMI in India is expected to be 52.30 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 50.90 points in 2023, according to our econometric models.

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India Manufacturing PMI


Related Last Previous Unit Reference
Services PMI 55.50 58.10 points Dec/21
Manufacturing PMI 55.50 57.60 points Dec/21
Composite PMI 56.40 59.20 points Dec/21

News Stream
India Factory Activity Growth Remains Solid
The IHS Markit India Manufacturing PMI was down to 55.5 in December 2021 from a tenth-month high of 57.6 in October, missing market consensus of 57.2. Still, the latest reading pointed to robust operating conditions that were elevated by historical standards. Growth of new work and production stayed sharp in spite of losing momentum, while employment fell fractionally amid a lack of pressure on capacity. At the same time, foreign sales rose for the sixth month in a row and buying levels increased substantially on the back of restocking efforts. As for supply chains, vendor performance worsened the most since August 2020 due to raw material scarcity. On inflation, input price inflation eased to a three-month low but remained sharp and above its long-run average. Output charges rose, but the overall rate of inflation was only slight and the weakest since October 2020. Finally, confidence improved from November's 17-month low but remained below its long-run average.
2022-01-03
India Factory Growth at 10-Month High
The IHS Markit India Manufacturing PMI unexpectedly rose to 57.6 in November from 55.9 in October, beating market consensus of 55.1. This was the fifth straight month of growth in factory activity, which was the steepest pace since February and well above its long-run average of 53.6. Output rose sharply and at the fastest rate in nine months while the domestic market was the main source of sales growth as new export orders rose at a slight pace that was weaker than in October. At the same time, buying activity outpaced its long-run average. Meantime, there were tentative signs of progress in hiring activity after three straight months of job shedding. On the price front, input prices gained at a rate that was broadly similar to October's 92-month high. Meanwhile, output charges rose only moderately. Finally, confidence eased to a 17-month, amid concerns that inflationary pressures could dampen demand and restrict output in the year ahead.
2021-12-01
India Manufacturing PMI Rises to 8-Month High
The IHS Markit India Manufacturing PMI increased to 55.9 in October 2021 from 53.7 a month earlier and above market consensus of 54. This marked the fourth straight month of expansion and the strongest pace since February, amid the easing of COVID-19 restrictions, with both output and new orders expanding at the fastest rate in seven months. Also, new export orders increased at a solid pace that was the quickest in three months. However, employment continued to decline, with the rate of job shedding marginal. Prices data showed input cost inflation jumped to a 92-month high, due to a faster rise in prices of chemicals, fabric, electronic component, oil, plastic and transportation costs. Meanwhile, output prices increased marginally. Lastly, business confidence improved at a near-record rate, amid strong input buying growth.
2021-11-01

India Manufacturing PMI
The IHS Markit India Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 500 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.