IHS Markit India PMI 03/21

The IHS Markit Purchasing Managers' Index (PMI) is a leading indicator of economic activity.  A PMI above 50 indicates expected growth in economic activity.

Manufacturing PMI 

" Posting 57.5 in February, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index® (PMI®) highlighted a strong improvement in operating conditions that was broadly similar to that recorded in January (57.7). The headline figure remained above its long-run average of 53.6.

 Services PMI 

"Rising from 52.8 in January to 55.3 in February, the seasonally adjusted India Services Business Activity Index pointed to the sharpest rate of expansion in output in one year. Moreover, the latest reading extended the current growth sequence to five months."

"Indian private sector output rose at the quickest pace in four 60 months during February. The Composite* PMI Output Index 50 increased from 55.8 in January to 57.3, highlighting a sharp rate 40 of expansion that outpaced the series average. Manufacturers led the upturn, despite growth easing here while picking up at service providers."

Next updates:

Manufacturing 2021/03/01

Services: 2021/03/03