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

Economy & Business | Dated: 02 jan 2026

The HSBC India Manufacturing Purchasing Managers' Index (PMI) fell to an 18-month low of 54.9 in December 2025, down from 56.0 in November. While still in the expansion zone (above 50), the slowdown indicates a softening in new orders and output growth due to fading festive demand.

🎯 Key Highlights:

  • Input cost inflation accelerated to a three-month high, putting pressure on margins.
  • Employment generation in the sector remained positive but paced slower.
  • The PMI is a weighted average of five new orders, output, employment, suppliers' delivery times, and stocks of purchases.

💡 Other Important Facts:

  • Indicator: Manufacturing PMI.
  • Value: 54.9 (Dec 2025).
  • Trend: 18-month low.

📚 Test Your Knowledge:

What was the value of India's Manufacturing PMI in December 2025, marking an 18-month low?

Correct Answer: 54.9

🚀 Quick Recap:

About PMI

  • Range – 0 to 100
  • Meaning >50 – Expansion