Markit India Services Purchasing Managers Index (PMI)

Country:
India
INR, Indian rupee
Source:
Sector:
Business
Medium 54.6 54.1
55.3
Last release Importance Actual Forecast
Previous
55.0
54.6
Next release Actual Forecast
Previous
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Markit Service PMI is an indicator of changes in business conditions in India's service sector in the specified month. The indicator is based on monthly surveys of purchasing managers working in around 400 private companies of Indian service sector. The sample includes companies providing consumer, transportation, informational, financial, communication, insurance and real estate services.

Often, purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's service 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 evaluate the basic parameters of their company work, such as business activity, new orders, pending orders, input and output prices, employment and production.

Respondents are asked to provide a relative estimate, showing whether the above parameters have improved, deteriorated or have not changed. 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.

Service sector PMI is one of the most popular indexes, which is closely watched by economists. It provides operational information covering the entire sector. It is interpreted as a leading indicator of service sector 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 Services 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
Mar 2021
54.6
54.1
55.3
Feb 2021
55.3
52.6
52.8
Jan 2021
52.8
53.0
52.3
Dec 2020
52.3
53.9
53.7
Nov 2020
53.7
52.0
54.1
Oct 2020
54.1
45.8
49.8
Sep 2020
49.8
37.9
41.8
Aug 2020
41.8
33.8
34.2
Jul 2020
34.2
16.4
33.7
Jun 2020
33.7
129.8
12.6
May 2020
12.6
-95.6
5.4
Apr 2020
5.4
54.3
49.3
Mar 2020
49.3
57.0
57.5
Feb 2020
57.5
54.8
55.5
Jan 2020
55.5
50.8
53.3
Dec 2019
53.3
52.7
Nov 2019
52.7
49.2
Oct 2019
49.2
48.7
Sep 2019
48.7
52.4
Aug 2019
52.4
53.8
Jul 2019
53.8
49.6
Jun 2019
49.6
50.2
May 2019
50.2
51.0
Apr 2019
51.0
52.0
Mar 2019
52.0
52.5
Feb 2019
52.5
52.2
Jan 2019
52.2
53.2
Dec 2018
53.2
53.7
Nov 2018
53.7
52.2
Oct 2018
52.2
50.9
Sep 2018
50.9
51.5
Aug 2018
51.5
54.2
Jul 2018
54.2
52.6
Jun 2018
52.6
49.6
May 2018
49.6
51.4
Apr 2018
51.4
50.3
Mar 2018
50.3
47.8
Feb 2018
47.8
51.7
Jan 2018
51.7
50.9
Dec 2017
50.9
48.5
Nov 2017
48.5
51.7
Oct 2017
51.7
50.7
Sep 2017
50.7
47.5
Aug 2017
47.5
45.9
Jul 2017
45.9
53.1
Jun 2017
53.1
52.2
May 2017
52.2
50.2
Apr 2017
50.2
51.5
Mar 2017
51.5
50.3
Feb 2017
50.3
48.7

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