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India Composite PMI
Last Release
Aug 31, 2023
Actual
60.9
Units In
Points
Previous
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.
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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.
India Composite PMI History
Last 12 readings