IHS Markit India PMI 04/21

 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 

"The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index® (PMI®) fell from 57.5 in February to a seven-month low of 55.4 in March. However, the latest reading was indicative of a substantial improvement in the health of the sector that outpaced the long-run series average.


"At 54.6 in March, the seasonally adjusted India Services Business Activity Index indicated growth for the sixth consecutive month. Falling from 55.3 in February, the latest reading was consistent with a slower but still marked pace of expansion."

"Growth of Indian private sector output eased in March, but remained marked relative to the series trend. The Composite* PMI Output Index was at 56.0, down from 57.3 in February, signalling expansion for the seventh month running. Softer increases were recorded in the manufacturing and service sectors."

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