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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia S&P Global Composite PMI fell to 60.6 in February 2024
FMPMonthlyReleased March 2024
India S&P Global Composite PMI fell to 60.6 in February 2024, released March 2024, down 0.6 from January's 61.2 reading. The reading matched the 61.5 consensus.
Latest Release
60.600000
Actual
61.500000
Consensus
61.200000
Previous
Median Absolute Error
±1.32
across last 5 releases
Last Call
Mar 2024
Predicted: 61.93
Actual: 60.6
Error: +1.32
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/INR | ▼ Inverse | −0.50 | FOREX | Bullish INR | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The March 2024 reading fell from the previous value of 61.2. Over the last 5 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.32. Historically, this indicator is negatively correlated with USD/INR (Bullish INR) and positively correlated with XAU/USD (Watch).
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S&P Global Composite PMI - IN
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Economic Calendar - IN Events
| Friday, May 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | IN | Balance of Trade | -28.38 | -20.67 | -27 | -31.13 | Medium |
| 11:30 | IN | Balance of Trade | -28.38 | -20.67 | -27 | -31.13 | Low |