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.