India's manufacturing PMI rises to 59.1 in July 2025, a 16-month high
The HSBC India Manufacturing PMI, released by S&P Global on 1 August 2025, rose to 59.1 in July, the strongest improvement since March 2024.
Summary
The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global and released on 1 August 2025, rose to 59.1 in July 2025 from 58.4 in June. The reading signalled the strongest improvement in the health of the sector since March 2024, a 16-month high, driven by faster increases in new orders, output and stocks of purchases. Overall sales rose at the fastest pace in close to five years and production growth reached a 15-month high. However, job creation slowed to the weakest since November 2024 and business confidence fell to its lowest level in three years.
Key facts
- Index
- HSBC India Manufacturing PMI (S&P Global)
- July 2025
- 59.1
- June 2025
- 58.4
- Significance
- 16-month high; best since March 2024
- Weak spots
- Hiring weakest since Nov 2024; confidence at 3-year low
Practice MCQs 2 questions
What was the HSBC India Manufacturing PMI for July 2025, released on 1 August 2025?
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Correct answer: C — 59.1
The HSBC India Manufacturing PMI stood at 59.1 in July 2025, a 16-month high.
Consider the following statements about India's manufacturing PMI for July 2025: 1. It signalled the strongest improvement in the sector since March 2024. 2. Business confidence rose to its highest level in three years. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct: the July reading was the strongest improvement since March 2024. Statement 2 is incorrect: business confidence fell to its lowest level in three years.