India Composite PMI

Last Release

Aug 31, 2023

Actual

60.9

Units In

Points

61.9

Frequency

Monthly

Next Release

Oct 05, 2023

Time to Release

29 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
61.9 Jul 2023	7.2 Apr 2020	52.26 Points	2013-2023	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 S&P Global India Composite PMI fell to 60.9 in August 2023, slightly slowing from a record of 61.9 in the previous month but logging as one of strongest expansions in over twelve years. New orders continued to rise, extending the ongoing period of growth to just over two years, but easing compared to July. Nevertheless, new orders growth remained robust and was one of the best seen since mid-2010. On prices, input costs were little-changed from a month earlier, as an acceleration in the manufacturing sector was more than offset by a slowdown in the service economy. Meanwhile, output charges picked up midway through the second fiscal quarter, with the service providers posting a faster rate of increase.