India Composite PMI

Last Release

Jul 31, 2024

Actual

60.7

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 India Composite PMI rose to 59.5 in November of 2024 from a final 59.1 in the previous month, flash data showed. It was the highest reading since August, surpassing its long-run average, with accelerated growth in the services sector and robust expansion in manufacturing. Total new orders expanded at the fastest pace since August and overseas demand remained resilient. Outstanding business hit its highest since May, prompting firms to increase recruitment. The rate of job creation quickened to the steepest since composite data began in December 2005, driven by rising workforce numbers in the service sector. Regarding prices, input costs rose the most since August 2023, due to rises in raw material prices, food costs, and wage bills. Output price inflation reached a near 12-year top, with strong demand enabling companies to pass on cost burdens to clients. Finally, sentiment notched a six-month high, supported by marketing efforts and new client inquiries.