India PMI May 2022

India: Private-sector PMI rises in May, with services PMI at highest level in over 11 years

The composite Purchasing Managers’ Index (PMI), produced by S&P Global, increased to 58.3 in May, from 57.6 in April. As a result, the composite PMI moved further above to the 50-threshold, indicating a stronger expansion in business activity from the previous month.

The services PMI jumped to 58.9 in May, from 57.9 in April, as the reopening of the economy following the easing of the Covid-19 pandemic boosted new business. The print was the highest in over 11 years. Moreover, on the manufacturing side, the PMI was broadly stable at 54.6 in May (April: 54.7), with the sector also benefitting from looser Covid-19 restrictions. Notably, elevated input charges led output price inflation to remain close to April’s nine-year high. Lastly, business confidence remained weak, despite improving from April. Businesses were concerned about the impact of elevated inflation on output.

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