India PMI December 2022

India: Composite PMI rises in December on stronger manufacturing and services sectors

The S&P Global Composite Purchasing Managers’ Index (PMI) came in at 59.4 in December, up from November’s 56.7. 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.

The Manufacturing PMI came in at 57.8 in December, up from Novembers 55.7. Meanwhile, the Services PMI increased to 58.5 in December (November: 56.4). In both sectors, output and new orders rose at faster rates—the rapidest in 13 and 22 months in the manufacturing sector and in 6 and 4 months in the services sector. Employment levels also improved in both sectors. Looking at prices, while input inflation fell in the manufacturing sector, in the services sector it rose; and while output inflation fell in the services sector, in the manufacturing sector it rose. Finally, business sentiment remained optimistic in both sectors.

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