India Manufacturing PMI Revised Lower

2025-10-01 05:20 By Judith Sib-at 1 min. read

The HSBC India Manufacturing PMI was revised down to 57.7 in September 2025 from a preliminary estimate of 58.5, and compared to August’s 17-and-a-half-year high of 59.3.

Despite the fall, the figure remained well above the long-term average, signaling continued strength in the sector.

New orders grew further amid robust demand, though the pace of expansion eased to a four-month low.

Similarly, production increased at a solid rate but registered the weakest growth since May.

Purchasing activity also rose markedly, albeit at the slowest pace in four months.

Meanwhile, job creation retreated to a one-year low.

On the price front, input costs continued to increase in September, driven by higher battery, cotton, electronic component, and steel prices.

Selling prices, on the other hand, rose at the fastest pace since October 2013.

Looking ahead, business confidence strengthened to a seven-month high, with changes in GST (goods and services tax) rates boosting optimism.



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