India Factory Growth Revised Down

2026-10-01 05:04 By Kyrie Dichosa 1 min. read

India's HSBC Manufacturing PMI rose to 55.1 in September 2026 from 52.8 in August, revised down from a preliminary estimate of 55.7, but marking the strongest improvement in the sector's health in seven months.

New orders increased at their fastest pace in seven months, while output growth accelerated to a four-month high, supported by firmer demand for electronic, food, pharmaceutical and textile products.

New export orders also expanded at a quicker pace, with stronger demand from Brazil, Europe, the UAE and the US.

The pickup in demand supported a solid resumption in factory employment, with employment growth rising at its fastest pace since May.

Purchasing activity and inventories also increased at faster rates, while business confidence improved to a four-month high.

On prices, input cost inflation accelerated, driven by higher prices for electronic components, pharmaceutical items and steel, while selling price inflation also quickened but remained modest.



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India Factory Growth Revised Down
India's HSBC Manufacturing PMI rose to 55.1 in September 2026 from 52.8 in August, revised down from a preliminary estimate of 55.7, but marking the strongest improvement in the sector's health in seven months. New orders increased at their fastest pace in seven months, while output growth accelerated to a four-month high, supported by firmer demand for electronic, food, pharmaceutical and textile products. New export orders also expanded at a quicker pace, with stronger demand from Brazil, Europe, the UAE and the US. The pickup in demand supported a solid resumption in factory employment, with employment growth rising at its fastest pace since May. Purchasing activity and inventories also increased at faster rates, while business confidence improved to a four-month high. On prices, input cost inflation accelerated, driven by higher prices for electronic components, pharmaceutical items and steel, while selling price inflation also quickened but remained modest.
2026-10-01
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.
2026-09-23
India Manufacturing Growth Revised Lower
India's HSBC Manufacturing PMI eased to 52.8 in August 2026 from 53.5 in July, revised down from the preliminary estimate of 52.9, and marking the weakest improvement in the sector's health in five years. Output and new orders continued to expand, but both grew at their slowest rates since August 2021 amid softer demand and challenging market conditions. Export orders also increased, although growth in international sales eased from July. Softer demand weighed on purchasing activity and inventories, while manufacturing employment fell for the first time in two-and-a-half years. Input buying still expanded for the 62nd consecutive month, but at its weakest pace over the period. On prices, input cost inflation eased to a six-month low, while output price inflation remained slight and rose at its slowest pace in 45 months. Business confidence improved to its highest level since May, although it remained subdued by historical standards.
2026-09-01