India Composite PMI

Last Release

Jul 31, 2024

Actual

61.4

Units In

Points

60.9

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
61.9 Jul 2023	7.2 Apr 2020	52.95 Points	2013-2024	Markit Economics

In India, the Nikkei India Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index and tracks business trends across private sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. .

Latest Updates

The HSBC Flash India Composite PMI increased to 61.4 in July 2024 from a final 60.9 in June, pointing to the highest reading since April. It was the 36th successive month of expansion in private sector activity, as output growth accelerated amid a further rise in factory activity and an acceleration in the service sector. Also, new orders were robust, with the rate of increase the fastest in three months. Moreover, foreign sales logged the second-strongest pace of rise in series history. Aggregate employment gained at one of the strongest rates since the survey began while backlogs of work rose further. Turning to inflation, input cost accelerated, broadly aligning with its long-run average. Meanwhile, selling prices rose the most since February 2013. Finally, sentiment strengthened, with the reading above the series average, buoyed by increased advertising, buoyant demand, and new client enquiries.