What is PMI ?
The Purchasing Managers’ Index (PMI) is a monthly economic indicator that measures the level of business activity in the manufacturing and services sectors.
It is based on a survey of purchasing managers who are responsible for procurement in their respective companies.
Factors such as:
- New Orders
- Production
- Employment
- Prices
are part of the survey questions, that helps in understanding the behaviour on where the market is headed.
It’s a monthly report released by S&P global and actively tracked by governments, businesses, investors & policymakers to make informed decisions.
A higher index reading typically indicates stronger economic activity, while a lower reading indicates weaker activity.
Examples on how individuals use the data:
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Policymakers : Use data to make decisions about interest rates or other economic policies. Investors may use the data to make decisions about which industries or companies to invest in.
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Businesses: Use data to plan their operations and adjust their strategies based on changing market conditions.
This thread will be updated regularly with all the updates on how the S&P Global India Manufacturing PMI , S&P Global India services PMI is performing.
Check out Month Wise Updates here 
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April 2023:
S&P Global India Manufacturing PMI®:
- In April 2023, S&P Global India Manufacturing PMI rose from 56.4 in March to 57.2, making it highest YTD.
- Indian manufacturers were confident that production volumes would be higher in 12 months’ time, amid demand resilience, client enquiries, orders pending approval and marketing efforts
S&P Global India Services PMI®
- In April 2023, India witnessed it’s 13 year highest PMI with 62.0 from 57.8 in March.
- Finance & Insurance sectors drove the growth out of the 4 sub sectors that are tracked
S&P Global India Composite PMI®
- The S&P Global India Composite PMI Output Index* rose from 58.4 in March to 61.6 in April, its highest mark since July 2010.
- At the composite level, input costs rose at the fastest pace since January and charge inflation reached a four-month high.
Read the report here
S&P Global India Services PMI®
S&P Global India Manufacturing PMI®
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May 2023:
S&P Global India Manufacturing PMI®:
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In May 2023, S&P Global India Manufacturing PMI rose from 57.2 in April to 58.7 in May, hitting a 31 month high after October 2020.
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Out of the five PMI sub-components, stocks of purchases showed the maximum flow. Reasons like better supply chain conditions, and sustained increases in input purchasing.
S&P Global India Services PMI®
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In May 2023, India achieved a PMI score of 61.2, a little lesser than its highest PMI in April.
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Despite falling from 62.0 in April, the latest reading indicated the secondstrongest rate of growth in just under 13 years. Favourable demand conditions, new client wins and positive market dynamics reportedly supported output.
S&P Global India Composite PMI®
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The S&P Global India Composite PMI Output index stayed the same as April: 61.6. Keeping the highest momentum intact
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The healthy demand environment contributed to job creation at goods producers and service providers. At the composite level, employment rose at the quickest pace in 2023 so far.
Read the report here
S&P Global India Manufacturing PMI®
S&P Global India Services PMI®
Also got this msg in the morning itself courtesy Dhan’s Live News Notification:
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