India Manufacturing Growth Strongest In 7 Months
The HSBC India Manufacturing PMI rose to 55.1, its highest since February, as new orders and export demand strengthened.
- On Thursday, the HSBC India Manufacturing Purchasing Managers' Index climbed to 55.1 in September from 52.8 in August, marking the sector's fastest growth in seven months and ending a three-month slowdown.
- Robust domestic and export demand drove the expansion, with new orders accelerating from clients in Brazil, Europe, the UAE, and the U.S., prompting manufacturers to resume hiring at the fastest rate since May.
- "Companies bought more materials and built up stocks to prepare for anticipated sales," said Pranjul Bhandari, Chief India Economist at HSBC, as finished goods inventories recorded their second-largest increase in nearly 12 years.
- Input costs and selling prices increased in September, though inflation rates remained mild by historical standards, driven by higher prices for electronic components, pharmaceutical items, and steel.
- To tackle inflation exceeding the Reserve Bank of India's 4% target for three consecutive months, the central bank is expected to raise interest rates by 50 basis points this year to 5.75%.
13 Articles
13 Articles
India's factory growth climbs to 7-month high on surging demand, PMI shows
India's manufacturing sector expanded sharply in September, ending a three-month slowdown as robust demand drove the fastest growth in factory activity in seven months, revived hiring and lifted business confidence, a private survey showed on Thursday.
India Manufacturing Growth Strongest In 7 Months
India's manufacturing activity expanded at the quickest pace in seven months in September amid strong demand conditions. The HSBC manufacturing purchasing managers' index rose to 55.1 in September from 52.8 in August. New orders grew at the fastest pace since February amid firmer demand for electronic, food, pharmaceutical, and textile products.
India's manufacturing sector growth hits seven-month high in Sept. 2026 on strong demand: PMI
Strong demand across electronics, food, pharma, and textiles pushed total sales growth to its highest level since February. Moreover, export orders also expanded at a quicker pace from clients in Brazil, Europe, the UAE and the U.S.
HSBC India Manufacturing PMI Rises to 55.1 in September on Stronger Demand; Hiring, Business Confidence Improve
Get latest articles and stories on Business at LatestLY. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.1 in September from 52.8 in August, marking the strongest improvement in the health of the manufacturing sector in seven months. The survey also showed that business confidence rose to a four-month high, supported by new enquiries and expectations of favourable demand conditions. Business News | HS…
India factory activity rebounds sharply in September as demand revives, PMI hits 7-month high
India's manufacturing sector rebounded in September after a three-month slowdown, driven by strong demand for various products. The HSBC India Manufacturing Purchasing Managers' Index rose to 55.1, indicating notable growth in factory activity. New orders increased significantly, with manufacturers reporting higher export demand from multiple international clients. Employment in the sector also expanded, recovering from a previous decline in Aug…
Coverage Details
Bias Distribution
- 56% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
