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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia S&P Global Services PMI climbed to 56.7 Points in September 2026
FMPMonthlyReleased October 2026
India S&P Global Services PMI climbed to 56.7 Points in September 2026, released October 2026, up 0.8 Points from August's 55.9 Points reading.
Latest Release
56.700000
Actual
—
Consensus
55.900000
Previous
Median Absolute Error
±0.59
across last 12 releases
Last Call
Oct 2026
Predicted: 56.48
Actual: 55.9
Error: +0.58
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 | −0.42 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.27 | COMMODITIES | Moves against | → View |
| USD/INR | ▲ Direct | +0.27 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (India) was reported at 56.70 Points in September 2026. The reading rose from the previous value of 55.90 Points. Over the past 12 months, the indicator has averaged 57.34 Points, ranging from 54.30 Points to 59.80 Points across 16 releases.
WHY IT MATTERS
The trailing three releases averaged 56.37 Points, up from the prior three at 54.40 Points. Volatility over the past year (σ 1.81 Points) is lower than the prior year (σ 2.07 Points). In October readings over the past 3 years, S&P Global Services PMI has averaged 58.08 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 0.59 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 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 Services PMI - IN
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About S&P Global Services PMI — India
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 56.7 Points. Prior reading (Sep 2026): 55.9 Points. Before that (Sep 2026): 56.5 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=-0.42) — 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 | |