The S&P Global India Manufacturing edged down to 56.2 in August 2022 from July’s of 56.4, beating market consensus of 55, signalling the second-strongest expansion in the sector since last November. Both output and new orders expanded at the fastest pace since November, and new export orders rose at a faster rate. At the same time, input purchasing continued to increase, amid a third consecutive improvement in supplier performance. Employment increased at slower pace, with backlogs of work accumulation the fastest since November 2020. On the price side, input cost inflation slowed to a 12-month low, due to a softer rise in commodity prices while output prices little-changed. Finally, sentiment strengthened to a six-year high on hopes stronger sales. source: Markit Economics

Manufacturing PMI in India averaged 52.14 points from 2012 until 2022, 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 September of 2022.

Manufacturing 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 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 57.20 55.50 points Aug 2022
Manufacturing PMI 56.20 56.40 points Aug 2022
Composite PMI 58.20 56.60 points Aug 2022

India Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
56.20 56.40 58.90 27.40 2012 - 2022 points Monthly
SA

News Stream
India Manufacturing Growth Stays Robust
The S&P Global India Manufacturing edged down to 56.2 in August 2022 from July’s of 56.4, beating market consensus of 55, signalling the second-strongest expansion in the sector since last November. Both output and new orders expanded at the fastest pace since November, and new export orders rose at a faster rate. At the same time, input purchasing continued to increase, amid a third consecutive improvement in supplier performance. Employment increased at slower pace, with backlogs of work accumulation the fastest since November 2020. On the price side, input cost inflation slowed to a 12-month low, due to a softer rise in commodity prices while output prices little-changed. Finally, sentiment strengthened to a six-year high on hopes stronger sales.
2022-09-01
India Manufacturing Growth Strongest in 8 Months
The S&P Global India Manufacturing increased to 56.4 in July 2022 from June’s nine-month low of 53.9, beating market consensus of 53.8 and pointing to the strongest growth in the sector since last November. Output expanded at the fastest pace since November, new orders grew substantially, and new export orders rose at a moderate pace. At the same time, input purchasing ticked higher, amid a second consecutive improvement in supplier performance. Employment rose marginally, and broadly similar to those seen in the current five-month sequence of growth, amid a lack of pressure on operating capacity. On the price side, input cost inflation eased to an 11-month low, while output price inflation slowed to a four-month low. Finally, sentiment improved slightly from June's 27-month low but was muted in the context of historical data.
2022-08-01
India Manufacturing Growth Eases to 9-Month Low
The S&P Global India Manufacturing declined to 53.9 in June 2022 from 54.6 in May, below market consensus of 54.5, pointing to the weakest growth in the sector since last September. Both output and new orders grew for the twelfth straight month, with the rate of expansion easing to nine-month lows. Also, export orders rose for the third month running, despite the rate of growth moderating from May's 11-year high. At the same time, input purchasing increased, while supplier delivery times shortened for the first time since 2021. Employment rose slightly, with backlogs of work rising marginally. On the price side, input prices continued to rise due to higher prices in chemicals, electronics, energy, metals and textiles. Meantime, output price inflation eased to a three-month low. Finally, sentiment deteriorated to a 27-month low amid concerns over inflationary pressure.
2022-07-01