India Manufacturing Production Index and the PMI

by Eduardo Petazze
Last update:January 12, 2016
In November 2015, the Index of Industrial Production) was -3.21% YoY, from +9.90% YoY in Oct15
For the fiscal year April 2015 March 2016 Industrial production grew by 3.27% is estimated, from +2.82%
YoY in 2014-2015FY
It presents indicators of manufacturing activity: the Industrial Production Index (MOSPI) and the
Manufacturing Purchasing Managers Index (PMI)

Links:
Quick Estimates of Index of Industrial Production (IIP) November 2015 pdf, 7 pages
Index of Industrial Production (IIP) data
Manufacturing PMI December 2015 pdf, 4 pages
Also see: Services sector PMI December 2015 pdf, 4 pages
Also see: Eight Core Industries (pdf, 4 pages)
The following table contains a summary of published data and our forecast and estimates of seasonally
adjusted data.

Gross data
04-05=100
Weight
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Latest data
Own estimate
04-05=100
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Latest data
Own estimate

INDEX OF INDUSTRIAL PRODUCTION, NSA

Mining
Manufacturing
Electricity
(141.57) Y/Y
(755.27) Y/Y
(103.16) Y/Y
102.27 2.27
110.29 10.29
105.16 5.16
107.55 5.16
126.79 14.96
112.80 7.27
112.51 4.61
150.11 18.40
119.97 6.35
115.40 2.57
153.82 2.47
123.26 2.75
124.52 7.90
161.25 4.83
130.77 6.09
131.03 5.23
175.70 8.96
138.03 5.55
128.46 -1.97 180.96 2.99
149.29 8.16
125.46 -2.33 183.31 1.30
155.23 3.98
124.71 -0.60 181.88 -0.78
164.70 6.10
126.52 1.45
186.07 2.30
178.58 8.43
128.93 1.91
192.10 3.24
187.23 4.84
131.18 1.75
195.95 2.01
195.31 4.32

General
(1000) Y/Y
108.62 8.62
122.62 12.89
141.68 15.54
145.23 2.51
152.91 5.29
165.49 8.23
170.26 2.88
172.22 1.15
172.02 -0.12
176.86 2.82
182.65 3.27
186.72 2.23

INDEX OF INDUSTRIAL PRODUCTION, NSA

Mining
Manufacturing
Electricity
General
value
Y/Y
value
Y/Y
value
Y/Y
value
Y/Y
122.60 1.74
181.45 3.04
178.10 11.94
172.77 3.79
125.30 2.45
183.47 5.86
183.90 6.67 175.28 5.60
122.10 4.81
180.05 2.88
181.60 15.67
172.01 4.33
116.20 0.09
182.23 -0.25
183.80 11.73
173.04 0.97
115.00 1.23
173.42 -1.11
184.10 12.88
166.25 0.54
115.30 0.09
181.89 2.73
175.60 3.91 171.82 2.59
124.20 4.55
169.97 -5.63
184.90 13.71
165.03 -2.71
128.60 3.96
179.89 4.69
174.30 9.97 172.05 5.14
133.60 -1.69 196.77 4.11
177.60 4.84 185.85 3.56
136.70 -1.80 200.66 3.38
176.70 3.27 189.13 2.82
129.60 1.65
192.68 5.10
166.00 5.93 181.00 4.82
149.00 1.22
210.29 2.74
176.40 1.97 198.12 2.50
121.90 -0.57 188.52 3.90
177.20 -0.51
177.92 2.98
127.90 2.08
187.33 2.10
195.00 6.04 179.71 2.53
121.60 -0.41 189.55 5.27
183.70 1.16 179.32 4.25
117.70 1.29
190.86 4.74
190.30 3.54 180.45 4.28
120.20 4.52
184.79 6.56
194.40 5.59 176.64 6.25
118.80 3.04
187.22 2.93
195.70 11.45
178.41 3.84
130.60 5.15
188.12 10.68
201.60 9.03 181.37 9.90
131.50 2.26
171.85 -4.47
175.60 0.75 166.53 -3.21
136.04 1.82
201.47 2.39
186.09 4.78 190.62 2.57
138.56 1.36
204.33 1.83
185.11 4.76 193.03 2.06
131.02 1.09
196.26 1.86
174.90 5.36 184.82 2.11
151.35 1.57
214.89 2.19
187.14 6.09 203.03 2.48

Seasonally Adjusted (own estimate) and PMI data

INDEX OF INDUSTRIAL PRODUCTION SA
04-05=100
Mining
Manufacturing
Electr.
Weight
(141.57) Y/Y
(755.27) Y/Y
(103.16) Y/Y
2005-06
102.27 2.27
110.29 10.29
105.16 5.16
2006-07
107.55 5.16
126.79 14.96
112.80 7.27
2007-08
112.51 4.61
150.11 18.40
119.97 6.35
2008-09
115.40 2.57
153.82 2.47
123.26 2.75
2009-10
124.52 7.90
161.25 4.83
130.77 6.09
2010-11
131.03 5.23
175.70 8.96
138.03 5.55
2011-12
128.46 -1.97
180.96 2.99
149.29 8.16
2012-13
125.46 -2.33
183.31 1.30
155.23 3.98
2013-14
124.71 -0.60
181.88 -0.78
164.70 6.10
2014-15
126.52 1.45
186.07 2.30
178.58 8.43
2015-16
128.93 1.91
192.10 3.24
187.23 4.84
2016-17
131.18 1.75
195.95 2.01
195.31 4.32
Latest data SA data is our own estimate
Own estimate
INDEX OF INDUSTRIAL PRODUCTION SA
Mining
Manufacturing
Electr.
04-05=100
value
M/M
value
M/M
value
M/M
Apr-14
126.94 1.07
184.33 1.13
178.29 3.57
May-14
126.16 -0.62
187.46 1.69
172.64 -3.17
Jun-14
128.25 1.66
184.20 -1.74
181.04 4.86
Jul-14
125.66 -2.02
183.01 -0.64
178.57 -1.37
Aug-14
124.94 -0.57
181.74 -0.69
179.05 0.27
Sep-14
125.28 0.27
186.56 2.65
172.15 -3.85
Oct-14
126.48 0.96
177.19 -5.02
179.82 4.46
Nov-14
127.76 1.01
192.79 8.80
183.65 2.13
Dec-14
125.74 -1.58
188.34 -2.31
179.13 -2.47
Jan-15
125.95 0.17
188.62 0.15
178.91 -0.12
Feb-15
127.64 1.34
189.95 0.71
180.87 1.10
Mar-15
127.41 -0.18
188.61 -0.71
178.86 -1.11
Apr-15
127.61 0.15
190.87 1.20
178.99 0.07
May-15
127.89 0.22
189.41 -0.76
183.89 2.73
Jun-15
127.15 -0.58
191.77 1.24
182.33 -0.84
Jul-15
127.74 0.46
192.04 0.14
184.22 1.04
Aug-15
129.13 1.08
193.62 0.82
186.62 1.30
Sep-15
128.84 -0.22
191.62 -1.04
191.16 2.43
Oct-15
130.01 0.91
196.75 2.68
191.04 -0.06
Nov-15
129.59 -0.33
187.50 -4.71
186.88 -2.17
Dec-15
129.65 0.05
191.71 2.25
189.02 1.14
Jan-16
129.73 0.07
192.83 0.58
190.01 0.52
Feb-16
129.83 0.07
193.35 0.27
190.88 0.46
Mar-16
129.99 0.13
193.71 0.18
191.71 0.44
Latest data SA data is our own estimate
Own estimate

General
(1000) Y/Y
108.62 8.62
122.62 12.89
141.68 15.54
145.23 2.51
152.91 5.29
165.49 8.23
170.26 2.88
172.22 1.15
172.02 -0.12
176.86 2.82
182.65 3.27
186.72 2.23

General
value M/M
175.59 1.38
177.24 0.94
175.95 -0.73
174.42 -0.87
173.45 -0.56
176.37 1.69
170.34 -3.42
182.60 7.20
178.52 -2.23
178.74 0.13
180.19 0.81
178.96 -0.68
180.70 0.97
180.13 -0.31
181.65 0.84
182.14 0.27
183.76 0.89
182.69 -0.58
186.69 2.19
179.28 -3.97
182.64 1.87
183.60 0.53
184.10 0.27
184.47 0.20

Mfg.
PMI

54.5
53.7
50.5
52.2
50.8
50.2

Mfg.
PMI
51.3
51.4
51.5
53.0
52.4
51.0
51.6
53.3
54.5
52.9
51.2
52.1
51.3
52.6
51.3
52.7
52.3
51.2
50.7
50.3
49.1
49.4
49.5
49.6