HSBC Manufacturing PMI

Local Time:
Apr 02 2025 |
7:00 am - 7:30 am

This event starts in:

Days
Hours
Minutes
Seconds

The Manufacturing Purchasing Managers Index (PMI), released on a monthly basis by S&P Global and HSBC Bank, is a leading indicator gauging business activity in India’s manufacturing sector. The data is derived from surveys of senior executives at private-sector companies. The PMI is compiled by S&P Global from responses to questionnaires sent to survey panels of around 400 manufacturers and 400 service providers. The panels are each stratified by detailed sector and company workforce size, based on contributions to GDP. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the Indian Rupee (INR). Meanwhile, a reading below 50 signals that activity among goods producers is generally declining, which is seen as bearish for INR.
Source: S&P Global

Most Traded

Trading Opportunities

USD strength still underrated? Credit Agricole thinks so

Dollar better bid post FOMC | FX Research

Google in trouble with Apple AI? Watch $146 next?

Euro stalls amid German political chaos | FX Research

Limited offer:

Get Free

The TraderKeys keyboard can take your gold trading to the next level, with preprogrammed hot keys enabling you easily execute and modify trades.

Join Now