Lower numbers than forecast tend to be bullish for xxx/INR pairs and bearish for INR/xxx pairs.
The typical/expected impact on INR pairs is medium.
There is no forecast value for HSBC Manufacturing PMI yet - check back for updates.
The most recent announced value for HSBC Manufacturing PMI was 56.5 against a forecast of 57.3.
Recent economic data has been moderately bearish for INR. Other recent announcements which may affect the market's interpretation of the next HSBC Manufacturing PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
HSBC Composite PMI | Bearish change | 59.5 | 58.6 | ||
HSBC Services PMI | Bearish change | 59.2 | 58.4 | ||
Gross Domestic Product Quarterly (YoY) | Bearish change | 6.7% | 5.4% | ||
HSBC Composite PMI | Bullish change | 59.1 | 59.5 | ||
HSBC Services PMI | Bullish change | 58.5 | 59.2 |
Country: | India |
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Currency: | INR |
Source: | S&P Global |
Category: | Economic Activity |
Frequency: | Monthly |