India Manufacturing Expands Most in 7 Months

2026-09-23 05:05 By Kyrie Dichosa 1 min. read

India's HSBC Manufacturing PMI rose to 55.7 in September 2026 from 52.8 in August, marking the strongest improvement in the sector's health since February, preliminary estimates showed.

Output and new orders grew at faster rates, with goods producers reporting stronger demand.

New export orders also increased at a marginally faster pace, with gains from Brazil, Europe, the UAE and the US.

Manufacturing companies also increased buying activity, while shorter supplier lead times supported a further improvement in operating conditions.

Input stocks rose at the fastest pace since February, while finished goods inventories increased to an 11-and-a-half-year high.

On the price front, input cost inflation picked up, driven by higher spending on electrical components, food, fuel, metals, pharmaceutical ingredients and technology resources.

Factory-gate price inflation also strengthened.

Looking ahead, business confidence among manufacturers improved in September.



News Stream
India Manufacturing Expands Most in 7 Months
India's HSBC Manufacturing PMI rose to 55.7 in September 2026 from 52.8 in August, marking the strongest improvement in the sector's health since February, preliminary estimates showed. Output and new orders grew at faster rates, with goods producers reporting stronger demand. New export orders also increased at a marginally faster pace, with gains from Brazil, Europe, the UAE and the US. Manufacturing companies also increased buying activity, while shorter supplier lead times supported a further improvement in operating conditions. Input stocks rose at the fastest pace since February, while finished goods inventories increased to an 11-and-a-half-year high. On the price front, input cost inflation picked up, driven by higher spending on electrical components, food, fuel, metals, pharmaceutical ingredients and technology resources. Factory-gate price inflation also strengthened. Looking ahead, business confidence among manufacturers improved in September.
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