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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia S&P Global Manufacturing PMI fell to 54.9 Points in September 2026
FMPMonthlyReleased October 2026
India S&P Global Manufacturing PMI fell to 54.9 Points in September 2026, released October 2026, down 0.2 Points from August's 55.1 Points reading.
Latest Release
54.900000
Actual
—
Consensus
55.100000
Previous
Median Absolute Error
±0.85
across last 12 releases
Last Call
Oct 2026
Predicted: 55.43
Actual: 55.1
Error: +0.33
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 |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.62 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.26 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (India) was reported at 54.90 Points in September 2026. The reading fell from the previous value of 55.10 Points. Over the past 12 months, the indicator has averaged 55.04 Points, ranging from 52.80 Points to 59.20 Points across 17 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 55.23 Points, up from the prior three at 53.07 Points. Volatility over the past year (σ 1.57 Points) is higher than the prior year (σ 0.83 Points). In October readings over the past 3 years, S&P Global Manufacturing PMI has averaged 56.53 Points.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). Over the last 12 releases, the Sigmacast model's median absolute error is 0.85 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 2, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Nov 12).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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S&P Global Manufacturing PMI - IN
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About S&P Global Manufacturing PMI — India
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
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 (Oct 2026): actual 54.9 Points. Prior reading (Sep 2026): 55.1 Points. Before that (Sep 2026): 55.7 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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Hang Seng (Bearish Hang Seng, r=-0.62) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - IN Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:30 | IN | Government Budget Value | -7144.1 | -7102.5 | -6800 | -6972.05 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | IN | S&P Global Manufacturing PMI | 54.9 | 54.7 | 54.50 | Low | |