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India Composite PMI

Last Release
Apr 30, 2024
Actual
61.5
Units In
Points
Previous
61.8
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
52.76 Points2013-2024Markit 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 India Composite PMI was revised downward to 61.5 in April from a flash print of 62.2, coming after March's reading of 61.8. Still, it was the 33rd straight month of expansion in private sector activity, remaining one of the strongest paces in close 14 years amid robust growth in the manufacturing and services sectors. New orders rose sharply and at one of the fastest rates since mid-2010. Meantime, goods producers led April's rise in payroll numbers, with softer growth in the service economy curbing job creation at the composite level. On the cost side, input prices rose moderately, with the inflation rate softening from March and below its long-run average. Here, the stronger increase was registered in the service sector. Moderate increases in selling prices were recorded at manufacturing firms and their service counterparts. Across the private sector, charge inflation slowed.

India Composite PMI History

Last 12 readings

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