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India’s Manufacturing PMI Drops to 18-Month Low in December 2025.

Economy & Business | Dated: 03/Jan/2026

The HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.9 in December 2025, marking an 18-month low compared to 56.0 in November. Despite the decline, the sector remains in the expansion zone (above 50) for the 30th consecutive month. The slowdown is attributed to a softer rise in new orders and output.

🎯 Key Highlights:

  • Input costs increased at a faster pace due to rising chemical and metal prices.
  • Business confidence for the year-ahead outlook remained positive.
  • PMI is a weighted average of five indices: New Orders, Output, Employment, Suppliers’ Delivery Times, and Stocks of Purchases.

💡 Other Important Facts:

  • Data: Dec 2025 PMI (54.9).
  • Status: 18-Month Low.
  • Trend: Expansion (Slower).

📚 Test Your Knowledge:

What was India's Manufacturing PMI recorded in December 2025, reaching an 18-month low?

Correct Answer: 54.9

🚀 Quick Recap:

About S&P Global

  • Index – HSBC India Manufacturing PMI
  • Threshold – 50 (Neutral)