Breaking News

India Nikkei HSBC Manufacturing Purchasing Managers Index (PMI)

Latest Release

Nov 04, 2024

Actual

57.5

Forecast

57.4

56.5

The Purchasing Managers Index (PMI) is a composite indicator designed to provide an overall view of activity in the manufacturing sector and acts as an leading indicator for the whole economy. The PMI is a composite index based on the diffusion indexes for the following five indicators and their weight: New orders - 0.3, Output - 0.25 , Employment - 0.2, Suppliers delivery times - 0.15 and Stock of items purchased - 0.1 with the Delivery times index inverted so that it moves in a comparable direction. When PMI is below 50.0 this indicates that the manufacturing economy is declining and a value above 50.0 indicates an expansion of the manufacturing economy. The individual survey indexes have been seasonally adjusted using the US Bureau of Census X-11 programme. The seasonally adjusted series are then used to calculate the seasonally adjusted PMI.
A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.

Importance:

Country:

Currency: INR

Source: S&P Global

Release Date	Time	Actual	Forecast	Previous
Dec 02, 2024 (Nov)	00:00
Nov 22, 2024 (Nov)	00:00			57.5
Nov 04, 2024 (Oct)	00:00	57.5	57.4	56.5
Oct 24, 2024 (Oct)	00:00	57.4		56.5
Oct 01, 2024 (Sep)	00:00	56.5	56.7	57.5
Sep 23, 2024 (Sep)	00:00	56.7		57.5

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HSBC India Manufacturing PMI Discussion

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