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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia WPI Manufacturing YoY climbed to 4.62% in April 2026
FMPMonthlyReleased May 2026
India WPI Manufacturing YoY climbed to 4.62% in April 2026, released May 2026, up 1.23% from March's 3.39% reading. The print exceeded the 3.9% consensus by 0.72%. WPI Manufacturing YoY has now risen for 6 consecutive months. Over the past 3 months, WPI Manufacturing YoY averaged 3.06%, vs 1.58% in the prior 3-month window. WPI Manufacturing YoY is now the highest in 36 months.
Latest Release
4.62
Actual
3.9
Consensus
3.39
Previous
Median Absolute Error
±0.42 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 4.1
Actual: 4.62
Error: -0.53
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▲ Direct | +0.58 | INDEX | Bullish Nikkei 225 | → View |
| NIFTY 50 | ▲ Direct | +0.53 | INDEX | Bullish NIFTY 50 | → View |
| XAU/USD | ▲ Direct | +0.47 | COMMODITIES | Bullish XAU | → View |
| BTC/USD | ▲ Direct | +0.46 | CRYPTO | Bullish BTC | → View |
| S&P 500 | ▼ Inverse | −0.37 | INDEX | Bearish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
WPI Manufacturing YoY (India) was reported at 4.62% in May 2026. This beat the market consensus of 3.9% by 0.72%. The reading rose from the previous value of 3.39%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 2.37%, ranging from 1.33% to 4.62% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.47%, up from the prior three at 1.56%. Volatility over the past year (σ 0.86%) is higher than the prior year (σ 0.72%). In May readings over the past 3 years, WPI Manufacturing YoY has averaged 2.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Nikkei 225 (Bullish Nikkei 225). A secondary relationship exists with NIFTY 50, positively correlated (Bullish NIFTY 50). Over the last 12 releases, the Sigmacast model's median absolute error is 0.42%.
WHAT TO WATCH NEXT
The next release is scheduled for June 15, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Jun 12) and CPI YoY (Jun 12).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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WPI Manufacturing YoY - IN
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About WPI Manufacturing YoY — India
DEFINITION
The WPI Manufacturing YoY is a financial indicator that measures the year-over-year change in the wholesale price index for manufactured goods. It provides valuable insights into the overall price trends in the manufacturing sector, allowing businesses and investors to make informed decisions about production costs and market conditions. This indicator is widely used by economists and policymakers to monitor inflation and assess the health of the manufacturing industry.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Apr 2026): actual 4.62 %, consensus 3.9 %. Prior reading (Mar 2026): 3.39 %. Before that (Feb 2026): 2.92 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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 Nikkei 225 (Bullish Nikkei 225, r=0.58) — a useful reference for index-focused traders.