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

The Nikkei Services PMI in India rose to 51.5 in March of 2017 from 50.3 in February. It was the second straight month of growth in services sector and the strongest since October 2016. Output and new business rose at faster paces and employment went up the most since July 2015 while business confidence reached a four-month high. Input costs rose again, extending the current sequence of inflation to seven months. Meantime, unfinished work increased the least in nine months. Amid reports of the passing on of higher cost burdens to clients, some services companies raised their own selling prices. Firms that kept output prices unchanged mentioned efforts to stimulate demand. Services PMI in India averaged 51.45 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 51.50 50.30 57.50 44.60 Index Points [+]
Manufacturing PMI 52.50 50.70 55.00 48.50 [+]
Industrial Production -1.20 3.30 20.00 -7.20 percent [+]
Industrial Production Mom 3.90 4.70 14.94 -14.26 percent [+]
Manufacturing Production -2.00 2.90 24.30 -9.10 percent [+]
Changes in Inventories 730.70 760.13 769.70 184.29 INR Billion [+]
Car Production 269371.00 250677.00 292861.00 7277.00 Units [+]
Car Registrations 262735.00 240143.00 304900.00 6508.00 Cars [+]
Cement Production 21454.00 22489.00 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 52.30 50.70 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 8113.00 8400.00 8400.00 713.00 Thousand Tonnes [+]
Mining Production 3.30 5.30 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
51.50 50.30 57.50 44.60 2012 - 2017 Index Points Monthly



Last
Australia 51.70 Mar/17
Brazil 47.70 Mar/17
China 52.20 Mar/17
Euro Area 56.20 Apr/17
France 57.70 Apr/17
Germany 54.70 Apr/17
India 51.50 Mar/17
Ireland 59.10 Mar/17
Italy 52.90 Mar/17
Japan 52.90 Mar/17
New Zealand 59.00 Mar/17
Nigeria 47.10 Mar/17
Russia 56.60 Mar/17
Spain 57.40 Mar/17
Sri Lanka 60.80 Mar/17
Sweden 61.30 Mar/17
United Kingdom 55.00 Mar/17
United States 52.50 Apr/17
World 52.80 Jan/16