India Services PMI  2012-2017 | Data | Chart | Calendar | Forecast | News

The Nikkei Services PMI in India came in at 48.7 in January of 2017, up from 46.8 in December. It was the third straight month of contraction but the smallest in the current sequence of decline. Output fell the least in three months and new orders decreased less than in a month earlier while employment rose marginally amid improving business sentiment. Meantime, work-in-hand increased for the eighth straight month. Input cost inflation slowed marginally, whereas average selling prices decreased again. “What started as a downturn driven by the 500 and 1,000 rupee notes ban appears now to be losing strength. In fact, manufacturers already saw a turnaround, with production being raised in line with higher order books," said Pollyanna De Lima, economist at IHS Markit. Services PMI in India averaged 51.47 Index Points from 2012 until 2017, reaching an all time high of 57.50 Index Points in January of 2013 and a record low of 44.60 Index Points in September of 2013. Services PMI in India is reported by Markit Economics.

India Services PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 57.20 54.10 71.80 45.70 [+]
Services PMI 48.70 46.80 57.50 44.60 Index Points [+]
Manufacturing PMI 50.40 49.60 55.00 48.50 [+]
Industrial Production -0.40 5.60 20.00 -7.20 percent [+]
Industrial Production Mom -1.29 -0.73 14.94 -14.26 percent [+]
Manufacturing Production -2.00 5.50 24.30 -9.10 percent [+]
Changes in Inventories 534.62 543.45 588.53 184.29 INR Billion [+]
Car Production 259091.00 208045.00 292861.00 7277.00 Units [+]
Car Registrations 244256.00 233289.00 304900.00 6508.00 Cars [+]
Cement Production 22001.00 20516.00 26821.00 9355.00 Thousands of Tonnes [+]
Competitiveness Index 4.52 4.31 4.52 4.20 Points [+]
Competitiveness Rank 39.00 55.00 71.00 39.00 [+]
Composite Pmi 49.40 47.60 55.40 47.60 [+]
Corruption Index 40.00 38.00 40.00 26.30 Points [+]
Corruption Rank 79.00 76.00 95.00 35.00 [+]
Ease of Doing Business 130.00 131.00 139.00 130.00 [+]
Steel Production 8397.00 8010.00 8397.00 713.00 Thousand Tonnes [+]
Mining Production 5.20 3.70 13.00 -7.70 percent [+]
Mni Business Sentiment 66.00 62.80 71.20 47.50 [+]



India Services PMI Notes

The Nikkei India Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - India Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Services PMI - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
48.70 46.80 57.50 44.60 2012 - 2017 Index Points Monthly



Last
Australia 54.50 Jan/17
Brazil 45.10 Jan/17
China 53.10 Jan/17
Euro Area 55.60 Feb/17
France 56.70 Feb/17
Germany 54.40 Feb/17
India 48.70 Jan/17
Ireland 61.00 Jan/17
Italy 52.40 Jan/17
Japan 51.90 Jan/17
New Zealand 59.50 Jan/17
Nigeria 49.40 Jan/17
Russia 58.40 Jan/17
Spain 54.20 Jan/17
Sri Lanka 57.50 Jan/17
Sweden 61.10 Jan/17
United Kingdom 54.50 Jan/17
United States 53.90 Feb/17
World 52.80 Jan/16