India services pmi
India services pmi: 61.7 (0.82%)
Last Update: May 31, 2024
Last Update: May 31, 2024
India services pmi closed down 61.7 as of May 31, 2024 from 61.2 from the previous month and 61.2 from last year.
India services pmi Analytics & Data
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India services pmi
Date | Values |
---|---|
2024-05-31 | 61.7 |
2024-04-30 | 61.2 |
2024-03-31 | 60.6 |
2024-02-29 | 60.6 |
2024-01-31 | 61.8 |
2023-12-31 | 59 |
2023-11-30 | 56.9 |
2023-10-31 | 58.4 |
2023-09-30 | 61 |
2023-08-31 | 60.1 |
2023-07-31 | 62.3 |
2023-06-30 | 58.5 |
2023-05-31 | 61.2 |
2023-04-30 | 62 |
2023-03-31 | 57.8 |
2023-02-28 | 59.4 |
2023-01-31 | 57.2 |
2022-12-31 | 58.5 |
2022-11-30 | 56.4 |
2022-10-31 | 55.1 |
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India services pmi Statistics
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
services pmi | in.servpmi | 61.7 | 61.2 | 1 | 1 | UP | UP | 42 | 2024-05-31 |
India services pmi Factors
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What is the India services pmi
India Services PMI, also known as the Purchasing Managers' Index, is a key economic indicator that provides insights into the performance of the Indian services sector. It is based on surveys of a representative panel of purchasing managers from private sector companies across different industries within the services sector.The PMI is measured on a scale of 0 to 100, where a reading above 50 indicates expansion in the sector compared to the previous month, while a reading below 50 suggests contraction. The index is calculated based on five key components: new business orders, output, employment, supplier delivery times, and stocks of purchases.
Interpreting the India Services PMI can provide valuable information about the growth and health of the services sector. A higher PMI suggests an increased level of business activity and an expanding economy. This could indicate rising employment opportunities, increased demand for services, and potentially higher business and consumer confidence.
Conversely, a lower PMI implies a contraction in the services sector, which can be attributed to factors such as reduced consumer spending, a slowdown in business activity, or a decrease in new orders. This can have negative implications for employment, investment, and economic growth.
On a webpage dedicated to India Services PMI, users can access current and historical data, which is updated on a monthly basis. The data can be presented in the form of interactive charts, analytics, and trends that enable users to analyze the underlying patterns and fluctuations in the index over time.
Additionally, users have the option to export the historical data for free, allowing them to perform more in-depth analysis or integrate it into their own models and forecasting tools.
Alongside the PMI data, users can also leverage MacroVar signals, trends, and analysis available on the webpage. These tools provide further insights into the macroeconomic environment, helping users understand how various factors, such as inflation, interest rates, or government policies, may be influencing the services sector and the overall economy.
Overall, the India Services PMI webpage serves as a comprehensive resource for individuals, businesses, and policymakers, empowering them to track, interpret, and make informed decisions based on the latest data and trends in the services sector.
India Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
BSE Sensex 30 | BSE | 69296.1 | 1 | 1 | 2.05386 | 81.3251 | 0.00626 | 0.04718 | 0.06677 | 0.10552 |
India ETF | INDA | 43.4 | -0.5 | 0.25 | 0.59227 | 42.8905 | 0.0037 | 0.00347 | -0.01071 | 0.02844 |
Indian Rupee US Dollar (INR/USD) | INRUSD | 83.31 | 0 | 1 | 1.53805 | 52.8888 | 0.00048 | -0.00048 | -0.0006 | 0.02763 |
India 5-Year Bond Yield | IN.5Y | 7.095 | -0.5 | -0.75 | -0.5785 | 34.7441 | -0.00113 | 0.00169 | -0.02057 | -0.01881 |
India 2-year bond yield | IN.2Y | 7.309 | 0 | 1 | 1.41223 | 51.9468 | 0.00897 | -0.00449 | 0.01219 | 0.02958 |
India Yield Curve | IN.YC | 0.032 | 0 | -0.75 | -0.97535 | 53.9292 | 1 | 0.3913 | -1.49231 | -0.91233 |
India Credit Default Swaps | CDS.India | 107.14 | 1 | -0.25 | -0.24576 | 68.4933 | -0.03321 | 0.07657 | 0.24552 | 0.44141 |
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
balance of trade | in.balanceoftrade | -31.46 | -19.37 | 62 | 17 | Down | Down | 82 | 2023-10-31 |
bank lending rate | in.banks.lendingrate | 10.1 | 10.1 | 0 | 15 | UP | UP | 98 | 2023-07-31 |
business confidence | in.bizconfidence | 130.3 | 135.4 | -4 | 7 | Down | UP | 80 | 2024-06-30 |
capital flows | in.capitalflows | -88.7 | -51.16 | 73 | -47 | Down | UP | 0 | 2023-10-31 |
car registrations | in.carregistrations | 160306 | 168912 | -5 | -10 | Down | Down | 43 | 2024-02-29 |
cash reserve ratio | in.cashreserveratio | 4.5 | 4.5 | 0 | 12 | UP | UP | 97 | 2024-04-05 |
central bank balance sheet | in.cb.assets | 33688.9 | 34671.2 | -3 | 19 | UP | UP | 69 | 2024-02-29 |
composite pmi | in.comppmi | 62.2 | 61.8 | 1 | 1 | UP | UP | 42 | 2024-05-31 |
consumer confidence | in.consconfidence | 98.5 | 95.1 | 4 | 58 | UP | UP | 90 | 2024-08-31 |
consumer price index cpi | in.cpi | 185.8 | 185.5 | 0 | 5 | UP | UP | 30 | 2024-02-29 |
current account | in.currentaccount | -10503.7 | -11398.2 | -8 | 29 | UP | Down | 52 | 2024-03-31 |
current account to gdp | in.currentaccountgdp | -2 | -1.2 | 67 | -52 | Down | UP | 0 | 2023-01-31 |
exports | in.exports | 41.68 | 41.4 | 1 | -1 | UP | Down | 55 | 2024-03-31 |
external debt | in.externaldebt | 648192 | 635324 | 2 | 13 | UP | UP | 36 | 2024-06-30 |
fiscal expenditure | in.fiscalexp | 3747290 | 3354730 | 12 | 7 | UP | UP | 16 | 2024-02-29 |
foreign direct investment | in.fdi | 8035 | 4523 | 78 | 94 | UP | UP | 82 | 2024-01-31 |
foreign exchange reserves | in.fxreserves | 640330 | 643160 | -0 | 3 | UP | UP | 72 | 2031-12-31 |
gdp | in.gdp | 3385.09 | 3176.3 | 7 | 102 | UP | UP | 0 | 2022-12-31 |
Real GDP | in.realgdp | 43720.1 | 41856.4 | 4 | 21 | UP | UP | 36 | 2023-12-31 |
gdp growth | in.gdpgrowth | 1.7 | 1.9 | -11 | -107 | Down | UP | 12 | 2023-06-30 |
gdp growth annual | in.gdpgrowthan | 8.4 | 8.1 | 4 | 1580 | UP | UP | 100 | 2023-12-31 |
gold reserves | in.goldres | 803.58 | 800.78 | 0 | 16 | UP | UP | 53 | 2024-03-31 |
government budget | in.govbudget | -6.4 | -6.7 | -4 | 33 | Down | Down | 0 | 2022-01-31 |
Government budget | in.govbudgetvalue | -1501360 | -1102600 | 36 | 3 | Down | Down | 17 | 2024-02-29 |
government debt to gdp | in.govdebtgdp | 86.54 | 85.21 | 2 | 32 | UP | UP | 0 | 2022-01-31 |
government revenues | in.govrev | 2245920 | 2252130 | -0 | 10 | UP | UP | 49 | 2024-02-29 |
housing index | in.housingindex | 113 | 116 | -3 | 6 | UP | UP | 0 | 2023-12-31 |
imports | in.imports | 57.28 | 60.11 | -5 | -5 | UP | Down | 56 | 2024-03-31 |
industrial production | in.indproduction | 5.7 | 3.8 | 50 | -2 | UP | Down | 78 | 2024-01-31 |
industrial production mom | in.indproductionmm | 0.59 | 7.87 | -93 | -90 | Down | Down | 43 | 2023-12-31 |
inflation cpi | in.inflationcpi | 4.85 | 5.09 | -5 | -14 | Down | Down | 37 | 2024-03-31 |
interbank rate | in.interbankrate | 7.32 | 7.32 | 0 | 116 | UP | UP | 98 | 2024-04-05 |
interest rate | in.interestrate | 6.5 | 6.5 | 0 | 20 | UP | UP | 77 | 2023-08-10 |
loan growth | in.loangrowth | 19.9 | 20.2 | -1 | 1 | Down | UP | 16 | 2024-09-30 |
Manufacturing PMI | in.manpmi | 59.1 | 56.9 | 4 | 3 | UP | UP | 62 | 2024-04-30 |
money supply m1 | in.msm1 | 59015 | 59172.2 | -0 | 7 | UP | UP | 8 | 2024-01-31 |
money supply m2 | in.msm2 | 61855.5 | 61560.3 | 0 | 6 | UP | UP | 12 | 2024-08-31 |
money supply m3 | in.msm3 | 253751 | 248303 | 2 | 8 | UP | UP | 59 | 2025-12-31 |
Producer Price Index | in.producerprices | 151.8 | 151.2 | 0 | 1 | UP | UP | 38 | 2024-03-31 |
PPI Index | in.producerpricesch | 0.53 | 0.2 | 165 | -60 | UP | Down | 53 | 2024-03-31 |
reverse repo rate | in.reverserepo | 3.35 | 3.35 | 0 | 0 | Down | Down | 68 | 2022-03-31 |
services pmi | in.servpmi | 61.7 | 61.2 | 1 | 1 | UP | UP | 42 | 2024-05-31 |
unemployment rate | in.unemploymentrate | 7.64 | 8.01 | -5 | -6 | Down | Down | 0 | 2026-12-31 |
youth unemployment rate | in.ytunemploymentrate | 22.9 | 24.9 | -8 | 0 | Down | Down | 0 | 2021-01-31 |