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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia S&P Global Composite PMI fell to 54.3 Points in June 2026
FMPMonthlyReleased July 2026
India S&P Global Composite PMI fell to 54.3 Points in June 2026, released July 2026, down 2.8 Points from May's 57.1 Points reading. The reading missed the 58.4 Points consensus by 4.1 Points.
Latest Release
54.300000
Actual
58.400000
Consensus
57.100000
Previous
Median Absolute Error
±1.32
across last 9 releases
Last Call
Jul 2026
Predicted: 58.47
Actual: 54.3
Error: +4.17
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/INR | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Composite PMI (India) was reported at 54.30 Points in June 2026. This missed the market consensus of 58.40 Points by 4.10 Points. The reading fell from the previous value of 57.10 Points. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 57.00 Points, down from the prior three at 59.97 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/INR (Bullish INR). A secondary relationship exists with XAU/USD, positively correlated (Watch). Over the last 9 releases, the Sigmacast model's median absolute error is 1.33 Points.
WHAT TO WATCH NEXT
The next release is scheduled for August 21, 2026. Same-country events in the next 14 days include Interest Rate Decision (Aug 5) and Inflation Rate YoY (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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S&P Global Composite PMI - IN
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About S&P Global Composite PMI — India
DEFINITION
The S&P Global Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the manufacturing and services sectors. It provides valuable insights into the current state of the economy, as well as future trends, and is used by investors, policymakers, and businesses to make informed decisions. With its comprehensive and timely data, the S&P Global Composite PMI is a crucial tool for understanding the performance of the global economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 54.3 Points, consensus 58.4 Points. Prior reading (Jun 2026): 57.4 Points. Before that (May 2026): 59.3 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/INR (Bullish INR, r=-0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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