Markit India Manufacturing Purchasing Managers Index (PMI)

Country:
India
INR, Indian rupee
Source:
Sector:
Business
Medium 55.5 56.5
55.4
Last release Importance Actual Forecast
Previous
55.5
55.5
Next release Actual Forecast
Previous
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Markit Manufacturing PMI is an indicator of changes in business conditions in Indian manufacturing sector in the specified month. The indicator is based on monthly surveys of purchasing managers working in about 400 private companies of the manufacturing sector. The responses are evaluated in comparison with the previous month.

Purchasing managers can sometimes track changes in market conditions earlier than other company employees, since purchases precede a company's production activity. 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 evaluate the basic parameters of their company work, such as production, the number of new orders, inventories, 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 positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

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

Last values:

actual data

forecast

The chart of the entire available history of the "Markit India Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Apr 2021
55.5
56.5
55.4
Mar 2021
55.4
57.6
57.5
Feb 2021
57.5
57.1
57.7
Jan 2021
57.7
56.4
56.4
Dec 2020
56.4
57.6
56.3
Nov 2020
56.3
47.1
58.9
Oct 2020
58.9
45.0
56.8
Sep 2020
56.8
43.1
52.0
Aug 2020
52.0
44.2
46.0
Jul 2020
46.0
49.6
47.2
Jun 2020
47.2
55.1
30.8
May 2020
30.8
-59.1
27.4
Apr 2020
27.4
50.6
51.8
Mar 2020
51.8
53.6
54.5
Feb 2020
54.5
52.9
55.3
Jan 2020
55.3
51.8
52.7
Dec 2019
52.7
51.2
Nov 2019
51.2
50.6
Oct 2019
50.6
51.4
Sep 2019
51.4
51.4
Aug 2019
51.4
52.5
Jul 2019
52.5
52.1
Jun 2019
52.1
52.7
May 2019
52.7
51.8
Apr 2019
51.8
52.6
Mar 2019
52.6
54.3
Feb 2019
54.3
53.9
Jan 2019
53.9
53.2
Dec 2018
53.2
54.0
Nov 2018
54.0
53.1
Oct 2018
53.1
52.2
Sep 2018
52.2
51.7
Aug 2018
51.7
52.3
Jul 2018
52.3
53.1
Jun 2018
53.1
51.2
May 2018
51.2
51.6
Apr 2018
51.6
51.0
Mar 2018
51.0
52.1
Feb 2018
52.1
52.4
Jan 2018
52.4
54.7
Dec 2017
54.7
52.6
Nov 2017
52.6
50.3
Oct 2017
50.3
51.2
Sep 2017
51.2
51.2
Aug 2017
51.2
47.9
Jul 2017
47.9
50.9
Jun 2017
50.9
51.6
May 2017
51.6
52.5
Apr 2017
52.5
52.5
Mar 2017
52.5
50.7

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