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 2 December 2024 05:00

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

Next event - Tuesday 17 December 2024 05:00

The typical/expected impact on INR pairs is medium.

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

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Economic context

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:

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