PMI declines to four-year low in March
pre-market1 source ↓written by the desknot a recommendation
- in March
- 53.9
- in February 2026
- 56.9
Manufacturing sector activity in India slowed significantly, with the HSBC India Manufacturing PMI dropping to 53.9 in March from 56.9 in February 2026. This marks the lowest level since June 2022, indicating a contraction in growth due to rising costs and demand uncertainties driven by the ongoing conflict in West Asia.
The decline reflects intensified cost pressures and reduced new orders, which may impact investor sentiment in the manufacturing sector. 📉
Not investment advice. For informational purposes only.