India Manufacturing PMI

Last Release

Jul 31, 2024

Actual

58.1

Units In

Points

58.3

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
59.1 Mar 2024	27.4 Apr 2020	52.89 Points	2012-2024	Markit Economics

The IHS Markit India Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 500 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The HSBC India Manufacturing PMI fell to 57.3 in November 2024, slightly down from 57.5 in October, a preliminary estimate showed. The latest reading indicates sustained strong performance in factory activity, partly driven by faster expansion in new orders and output. Manufacturing firms also recorded an increase in international sales, continuing their robust performance from the previous month. Meanwhile, Indian manufacturers noted rising price pressures on raw materials such as aluminum, cotton, leather, and rubber. As a result, businesses passed on some of the costs to clients, leading to an acceleration in output charge inflation.