ET Government reports: India's HSBC manufacturing PMI rose to 55.1 in September, a seven-month high
What happened
According to ET Government, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose by more than two index points to 55.1 in September from 52.8 in August. The print signals the sector's strongest operational improvement in seven months, supported by strong demand.
Why it matters
The acceleration marks a sharp turnaround from August's softer reading, pointing to renewed industrial momentum. However, full analysis of the turnaround remains constrained until detailed sub-index breakdowns for output, hiring, and input costs are released.
Bigger picture
A PMI reading above 50 indicates expansion. The jump back to 55.1 highlights underlying resilience in India's industrial sector, maintaining a sustained period of growth despite global economic headwinds.
Watch next
Watch for detailed breakdown data on new export orders, employment, and input inflation to evaluate the longevity of the manufacturing rebound.