India manufacturing PMI rises to 55.1 in September
In short
India’s manufacturing PMI rose to 55.1 in September, up from 52.8 in August. The report says new orders grew at their fastest pace since February, and exports and output also picked up.
This matters because it shows a stronger factory sector after a slow start to the year. The report also says the second-quarter average was 53.8, its lowest Q2 reading since 2021.
What the reporting says
The HSBC India Manufacturing Purchasing Managers’ Index rose to 55.1 in September, up 2.3 points from 52.8 in August 2026. The reports say new orders grew at their fastest pace since February, while exports and output also accelerated. The immediate picture is a stronger factory sector after a weak start to the fiscal year, though the second-quarter average and broader demand outlook remain below the September rebound.
Why it matters
The HSBC India Manufacturing PMI climbed to 55.1 in September, a seven-month high and a 2.3-point increase from August’s 52.8. Publisher summaries say new orders, exports and output all accelerated, pointing to a firmer manufacturing recovery. Mint added that the second-quarter average was 53.8, the weakest Q2 since 2021. The source does not explain the full drivers of the rebound.