Markit India Composite Purchasing Managers Index (PMI)

Country:
India
INR, Indian rupee
Source:
Sector:
Business
Medium 56.0
57.3
Last release Importance Actual Forecast
Previous
56.0
Next release Actual Forecast
Previous
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Markit Composite PMI is a monthly summary report concerning the changes in the working conditions of private companies in Indian manufacturing and service sectors. The indicator is based on monthly surveys of purchasing managers working in the country's private companies.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Thus, they are among the first to see when conditions change for better or for worse. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work: input and output prices, employment, production, new orders, etc. Survey participants provide relative estimates, that is, if the data is up, or if the data is down or if the data remains the same. Individual subindices are calculated based on these answers. These subindices characterize inflation, employment and other key indicators of economic activity.

The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents characterize current business conditions as positive. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes, which is closely watched by analysts. It provides operational information covering business activity in the entire Indian private sector. It is interpreted as a leading indicator of production and inflation. PMI growth is an indication of favorable market conditions and can be seen as positive for Indian rupee quotes.

Last values:

actual data

The chart of the entire available history of the "Markit India Composite Purchasing Managers Index (PMI)" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2021
56.0
57.3
Feb 2021
57.3
55.8
Jan 2021
55.8
54.9
Dec 2020
54.9
56.3
Nov 2020
56.3
58.0
Oct 2020
58.0
54.6
Sep 2020
54.6
46.0
Aug 2020
46.0
37.2
Jul 2020
37.2
37.8
Jun 2020
37.8
14.8
May 2020
14.8
7.2
Apr 2020
7.2
50.6
Mar 2020
50.6
57.6
Feb 2020
57.6
56.3
Jan 2020
56.3
53.7
Dec 2019
53.7

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