India Indicators

 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.   Services PMI   "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. So...

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 tha...

These are leading indicators 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®) rose from 56.4 in December to 57.7 in January, to signal the strongest improvement in the health of the sector in three months."   Services PMI   "The seasonally adjusted India Services Business Activity Index rose from 52.3 in December to 52.8 in January, pointing to a quicker expansion in output. Still, the headline figure remained below its long-run average of 53.3 and was consistent with a moderate pace of growth." "The Composite* PMI Output Index edged up to 55.8 in January, from 54.9 in December, thereby remaining above its long-run average of 53.9." Next updates: Manufacturing 2021/03/01 Services: 2021/03/03