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 - Friday 21 February 2025 05:00

Next event - Monday 3 March 2025 05:00

The typical/expected impact on INR pairs is medium.

The consensus forecast for HSBC Manufacturing PMI is 57.1. A higher value than forecast tends to be bullish for INR/xxx pairs and bearish for xxx/INR pairs.

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