HSBC Manufacturing PMI

The Manufacturing Purchasing Managers Index (PMI), released on a monthly basis by S&P Global and HSBC Bank, is a leading indicator gauging business activity in India’s manufacturing sector. The data is derived from surveys of senior executives at private-sector companies. The PMI is compiled by S&P Global from responses to questionnaires sent to survey panels of around 400 manufacturers and 400 service providers. The panels are each stratified by detailed sector and company workforce size, based on contributions to GDP. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the Indian Rupee (INR). Meanwhile, a reading below 50 signals that activity among goods producers is generally declining, which is seen as bearish for INR.

Most recent - Monday 1 July 2024 05:00

Previous
58.5
Forecast
58.5
Actual
58.3

Lower numbers than forecast tend to be bullish for xxx/INR pairs and bearish for INR/xxx pairs.

Next event - Wednesday 24 July 2024 05:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on INR pairs is medium.

There is no forecast value for HSBC Manufacturing PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for HSBC Manufacturing PMI was 58.3 against a forecast of 58.5.

Past events

Date
Forecast
Actual
Monday 1 July 2024 05:00
58.5
58.3
Friday 21 June 2024 05:00
-
58.5
Monday 3 June 2024 05:00
58.4
57.5
Thursday 23 May 2024 05:00
-
58.4
Thursday 2 May 2024 05:00
59.1
58.8
Tuesday 23 April 2024 05:00
-
59.1
Tuesday 2 April 2024 05:00
59.4
59.1
Thursday 21 March 2024 05:00
-
59.2
Friday 1 March 2024 05:00
-
56.9
Thursday 22 February 2024 05:00
-
56.7
Thursday 1 February 2024 05:00
-
56.5
Wednesday 24 January 2024 05:00
-
56.9
Wednesday 3 January 2024 05:00
-
54.9
Friday 1 December 2023 05:00
-
56
Wednesday 1 November 2023 05:00
-
55.5
Tuesday 3 October 2023 05:00
-
57.5
Friday 1 September 2023 05:00
-
58.6
Tuesday 1 August 2023 05:00
-
57.7
Monday 3 July 2023 05:00
-
57.8
Thursday 1 June 2023 05:00
-
58.7
Monday 1 May 2023 05:00
-
57.2
Monday 3 April 2023 05:00
-
56.4
Wednesday 1 March 2023 05:00
-
55.3
Wednesday 1 February 2023 05:00
-
55.4
Monday 2 January 2023 05:00
-
57.8
Thursday 1 December 2022 05:00
-
55.7
Tuesday 1 November 2022 05:00
-
55.3
Monday 3 October 2022 05:00
-
55.1
Thursday 1 September 2022 05:00
-
56.2
Monday 1 August 2022 05:00
-
56.4
Friday 1 July 2022 05:00
-
53.9
Wednesday 1 June 2022 05:00
-
54.6
Monday 2 May 2022 05:00
-
54.7
Monday 4 April 2022 05:00
-
54
Wednesday 2 March 2022 05:00
-
54.9
Tuesday 1 February 2022 05:00
-
54.8
Monday 3 January 2022 05:00
-
55.5
Wednesday 1 December 2021 05:00
-
57.6
Monday 1 November 2021 05:00
-
55.9
Friday 1 October 2021 05:00
-
53.7
Wednesday 1 September 2021 05:00
-
52.3
Monday 2 August 2021 05:00
-
55.3

Economic context

Other recent announcements which may affect the market's interpretation of the next HSBC Manufacturing PMI result:

PreviousLatest
HSBC Composite PMI(no change)60.960.9
HSBC Services PMIBullish change60.460.5

About HSBC Manufacturing PMI

Country:India
Currency:INR
Source:S&P Global
Category:Economic Activity
Frequency:Monthly

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