HSBC India Manufacturing PMI rises to 55.1 in September from 52.8 in August
1 October 2026
The HSBC India Manufacturing Purchasing Managers' Index rose to 55.1 in September 2026 from 52.8 in August.
Stronger domestic and overseas demand lifted new orders and output.
Electronic, food, pharmaceutical and textile products drove the sharper rise in new business.
Employment growth was the fastest since May.
Pranjul Bhandari, HSBC chief India economist, said the PMI rose as stronger demand lifted sales and production.
September PMI:
55.1
August PMI:
52.8
Expansion threshold:
Above 50
Why it matters for exams: PMI is a leading indicator of factory activity; a reading above 50 signals expansion.
Kerala PSCUPSC
In plain words
PMI Purchasing Managers' Index — A survey index where above 50 means expansion and below 50 means contraction.