India: Purchasing Managers Index (PMI), manufacturing

* indicates monthly or quarterly data series
 India

Purchasing Managers Index (PMI), manufacturing

 Latest value 56.7
 Reference February 2024
 Measure index points
 Data availability May 2018 - February 2024
 Average 53.62
 Min - Max 27.4 - 58.9
 Source Markit Economics
For that indicator, we provide data for India from May 2018 to February 2024. The average value for India during that period was 53.62 index points with a minimum of 27.4 index points in April 2020 and a maximum of 58.9 index points in November 2020. Click on the following link to see the values of Purchasing Managers Index (PMI), manufacturing around the world.
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* indicates monthly or quarterly data series


Recent values chart
India - Purchasing Managers Index (PMI), manufacturing - recent values

Historical chart
India - Purchasing Managers Index (PMI), manufacturing - historical chart - 2018-2024
Measure: index points
Source: Markit Economics


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Definition: The manufacturing Purchasing Managers Index (PMI) is an indicator of economic health for the manufacturing sector. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing sector is based on questionnaire responses that cover the following economic variables: output, new orders, new export orders, backlogs of work, output prices, input prices, suppliers’ delivery times, stocks of finished goods, quantity of purchases, stocks of purchases, employment, future output. The manufacturing PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.

 Related indicators Latest value Reference Measure
 Industrial production 6.40 9/2023 percent
 House price index 311.73 Q3/2022 index point
 Real residential property prices Y-on-Y change -2.33 Q3/2022 percent
 Business confidence survey 122.39 Q3/2023 points
 Consumer confidence survey 2.35 Q3/2023 points
 Purchasing Managers Index (PMI), composite 61.00 9/2023 index points
 Purchasing Managers Index (PMI), manufacturing 57.50 9/2023 index points
 Purchasing Managers Index (PMI), services 61.00 9/2023 index points
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