Breaking News

India Nikkei HSBC Manufacturing Purchasing Managers Index (PMI)

Latest Release

Apr 02, 2024

Actual

59.1

Forecast

59.2

56.9

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
May 02, 2024 (Apr)	01:00
Apr 23, 2024	01:00			59.1
Apr 02, 2024 (Mar)	01:00	59.1	59.2	56.9
Mar 21, 2024	01:00	59.2		56.9
Mar 01, 2024 (Feb)	01:00	56.9		56.5
Feb 01, 2024 (Jan)	01:00	56.5		54.9

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HSBC India Manufacturing PMI Discussion

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