India PMI December 2023

India: Business activity rises at record levels again in December

The S&P Global Composite Purchasing Managers’ Index (PMI) came in at 58.5 in December, up from November’s 57.4 and remaining among the highest levels on record. As a result, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in private-sector operating conditions compared to the previous month.

Looking at a breakdown by sector, the Manufacturing PMI clocked in at 54.9 in December, down from November’s 56.0. Lastly, the Services PMI increased to 59.0 in December (November: 56.9).

In the manufacturing sector, output and new orders grew rapidly, but not as much as in the prior month, and employment was largely stable. Meanwhile, output inflation outpaced input inflation, which was largely unchanged from the prior month, and business sentiment improved.

In the services sector, output and new orders grew at the fastest pace in three months, and employment also expanded at a speedier pace. Meanwhile, input inflation fell, output inflation accelerated, and business sentiment strengthened.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest