India PMI December 2021

India: Private-sector PMI moderates in December

The composite Purchasing Managers’ Index (PMI) produced by IHS Markit dipped to 56.4 in December from 59.2 in November. Consequently, the PMI moved closer to the 50-threshold, indicating a slower expansion in business activity from the previous month.

The services PMI decreased from 58.1 in November to 55.5 in December, as weaker foreign demand weighed on growth in new orders and output. Moreover, on the manufacturing side, the PMI slipped to 55.5 in December from November’s 57.6 due to slower expansions in output and new orders, while headcounts fell modestly.

Commenting on the latest PMI data, Pollyanna De Lima, economics associate director at IHS Markit, said:

“Uncertainty surrounding the outlook, and a general lack of pressure on capacity, led to a renewed fall in employment during December. That said, the decline was marginal and a recovery is expected this year should demand for services remain favorable.”

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