Manufacturing PMI
Latest reading: 52.8 index for August 2026 (-0.7 index pts MoM).
Manufacturing PMI
Survey-based index of factory activity. Readings above 50 signal expansion versus the previous month; the level indicates the pace of change, not output volume.
What it means
Survey-based index of factory activity. Readings above 50 signal expansion versus the previous month; the level indicates the pace of change, not output volume.
Privately compiled (S&P Global/HSBC), not government data. Final 52.8, weakest since Aug 2021; some aggregators still show the 52.9 flash estimate. Official release page is paywalled/indexed only at spglobal PMI hub. HSBC flash Manufacturing PMI for September (released 23 Sep) jumped to 55.7 from 52.8, a seven-month high; final due 1 Oct.
Release details
- Category
- REAL ECONOMY
- Frequency
- MONTHLY
- Previous
- 53.5
- Benchmark
- 50 = no change threshold
- Released
- 2026-09-01
- Next release
- Expected: 2026-10-01
- Source
- S&P Global — HSBC India Manufacturing PMI
Key questions about Manufacturing PMI
What is the current Manufacturing PMI?
Manufacturing PMI stands at 52.8 index for August 2026, against 53.5 index previously (-0.7 index pts MoM). Survey-based index of factory activity. Readings above 50 signal expansion versus the previous month; the level indicates the pace of change, not output volume.
Who publishes the Manufacturing PMI data?
Manufacturing PMI is published by S&P Global — HSBC India Manufacturing PMI on a monthly basis. Release window: 1st-3rd of following month. The next update is expected on Expected: 2026-10-01.
What is a healthy level for Manufacturing PMI?
The reference benchmark used on MacroNest is: 50 = no change threshold. The latest reading of 52.8 index is currently assessed as "Expansion, slowest in five years".
Why does Manufacturing PMI matter?
Real economy indicators measure actual output and activity, giving the clearest read on whether growth momentum is building or fading. Survey-based index of factory activity. Readings above 50 signal expansion versus the previous month; the level indicates the pace of change, not output volume.