Manufacturing PMI Touches Seven-Month High of 55.1 in September
India's manufacturing activity rose to a seven-month high of 55.1 in September, driven by stronger demand for electronic, food, pharma, and textile products. The HSBC India Manufacturing Purchasing Managers' Index rose by 2.3 index points from its 52.8 reading in August 2026. However, activity in the second quarter was the weakest since the COVID-19-impacted Q2 of 2021-22, averaging 53.8. New export orders expanded at a quicker pace with demand notably from Brazil, Europe, the UAE, and the U.S.
Key Points
- Manufacturing PMI rose to 55.1 in September, showing a significant recovery.
- Stronger domestic and export demand for electronics, food, pharma, and textiles drove the growth.
- Despite September's recovery, overall activity in the second quarter remained the weakest since 2021-22.
- Business confidence reached a four-month high, supported by increased new orders and output.
Exam Facts
- HSBC India Manufacturing Purchasing Managers' Index rose to 55.1 in September.
- The index increased by 2.3 points from the August reading of 52.8.
- Average PMI for the second fiscal quarter stood at 53.8.
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