PMI Manufacturing

The HSBC India Services Purchasing Managers' Index (PMI), which tracks monthly changes in services activity, fell to 57.4 in June from 59.8 in May

Output, new orders, exports and hiring lose momentum as softer demand and intense competition weigh on factory activity, though the sector remains in expansion territory

HSBC India Manufacturing PMI slipped from 55.0 in May, with output, new orders, exports and employment expanding at a slower pace

India's policy focus this week will be on Prime Minister Narendra Modi's Seychelles visit, industrial output, PMI data and forex reserves

India's policy calendar this week will track business activity, trade negotiations with the US and forex reserve trends amid global uncertainty

Manufacturing activity expanded at its fastest pace in 3 months in May, supported by stronger domestic demand, while input cost inflation remained elevated amid continued geopolitical uncertainties

Input cost inflation remained among the strongest seen in the past four years, driven by higher energy, fuel, material, and transportation costs amid the ongoing conflict in West Asia

India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed

The latest reading pointed to continued expansion across both manufacturing and services, though at a slower pace due to weaker growth in new orders, exports, employment and overall business activity

The reading remained above 50, which denotes expansion in activity, while a reading below that signifies contraction

India's economic calendar this week will track factory and services activity alongside a major energy policy push, offering key signals on growth, inflation and industrial strategy

India's policy calendar for April 20-26 is packed with key events including US trade talks, flash PMI data and infrastructure output, offering cues on growth, demand and policy direction

Input cost inflation hit a 43-month high in March, while softer demand, market uncertainty and the West Asia war slowed new orders and output growth

Flash data shows private sector growth slowed sharply as West Asia conflict hit demand and raised costs, though expansion remained above 50 mark

January manufacturing PMI: The rebound in January came after the seasonally adjusted PMI touched a two-year low of 55.0 in December 2025

The HSBC flash India Manufacturing PMI rose to 56.8 in January from 55 in December

Flash PMI January 2026: Both manufacturing and services showed similar rates of growth during the month

India's manufacturing PMI fell to a nine-month low in November as new orders, export demand and hiring softened, with companies citing tariff pressures and fading GST-related gains

Goods and services tax (GST) relief, productivity gains and tech investment led to a faster increase in new orders

India's manufacturing PMI climbed to 59.2 in October, signalling robust factory activity as GST relief, strong domestic demand and easing input costs spurred output and jobs