Based on a survey of 500 manufacturing enterprises, The IHS Markit India Manufacturing Purchasing Managers Index evaluates the performance of the manufacturing sector in India. All five indicators were evaluated based on the characteristics: New Orders (30%), Production (25%), Workforce (20%), Provider Delivery Times (15%), and Inventory of Items Purchased (10%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in the same direction as the other four indexes. A rating above 50 indicates that the manufacturing sector increased in the preceding month, a reading below 50 implies a decline, and a reading of 50 shows no change.

A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.

Source:  S&P Global
Category:  Manufacturing PMI
Units:  Points
Details
Impact: Low
Country:
Currency: INR
Latest Release
Previous: 57.5
Consensus: 57.3
Actual: 56.5
Next Release
Date: Dec 16, 05:00
Time left: 11 days