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India Nikkei S&P Global Manufacturing Purchasing Managers Index (PMI)

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India Nikkei S&P Global Manufacturing Purchasing Managers Index (PMI)

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Latest Release
Dec 02, 2024
Actual
56.5
Forecast
57.3
Previous
57.5
The Purchasing Managers Index (PMI) is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The PMI is a composite index based on the diffusion indexes for the following five indicators and their weight: New orders - 0.3, Output - 0.25 , Employment - 0.2, Suppliers delivery times - 0.15 and Stock of items purchased - 0.1 with the Delivery times index inverted so that it moves in a comparable direction. When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 programme. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI.
A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.
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Country:
Currency: INR
Source: S&P Global
India Nikkei S&P Global Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 02, 2024 (Nov) 16:00 56.5 57.3 57.5
Nov 22, 2024 (Nov) 16:00   57.3   57.5
Nov 04, 2024 (Oct) 16:00 57.5 57.4 56.5
Oct 24, 2024 (Oct) 16:00   57.4   56.5
Oct 01, 2024 (Sep) 16:00 56.5 56.7 57.5
Sep 23, 2024 (Sep) 16:00   56.7   57.5

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Nikkei S&P Global Manufacturing PMI Discussion

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