India Composite PMI

Last Release

Mar 31, 2024

Actual

61.3

Units In

Points

60.6

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	52.69 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 rose to 61.4 in March 2024 from a final 60.6, pointing to the highest figure since July 2023 amid a pick-up in the manufacturing sector. Composite new orders grew for the 32nd straight month, notably in manufacturing where demand and production increased the most in almost 3-1/2 years. Also, new export orders rose at the fastest pace in seven months on the back of robust demand from all sectors. Further, employment grew the most in six months, with buying levels seeing the strongest increase since last July. On the cost front, input price inflation hit a seven-month peak, indicating higher labor and transportation costs. Rates of increase at manufacturers and service providers were at five- and seven-month highs, respectively. Meantime, selling prices went up at the steepest rate in five months. Finally, confidence strengthened, supported by marketing efforts, new client inquiries, and projects in the pipeline.