India December Manufacturing PMI Revised Down

2026-01-02 05:06 By Kyrie Dichosa 1 min. read

The HSBC India Manufacturing PMI fell to 55.0 in December 2025, revised lower from initial estimates of 55.7, down from 56.6 in November.

This marks the weakest improvement in two years, as factory output expanded at the slowest pace since October 2022, alongside softer growth in new orders.

Export demand also increased at the weakest rate in 14 months, with new orders mainly coming from Asia, Europe, and the Middle East.

Employment rose only marginally, reflecting sufficient staffing amid easing workloads.

Input cost inflation remained subdued, rising modestly, while output price inflation eased to a nine-month low.

Stocks of purchases increased at the slowest pace in two years, while finished goods inventories fell sharply as firms used existing stock to meet current demand.

Business confidence softened to its lowest in nearly three-and-a-half years, as firms cited competitive pressures and market uncertainty despite tailwinds from new products and advertising.



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