India’s manufacturing sector continues to expand in October, but growth slows as the HSBC India Manufacturing Purchasing Managers’ Index (PMI) eases to 54.7. Several outlets report that output and new orders still rise, while hiring increases for a second straight month. Selling price inflation/input cost inflation also cools, signalling easing cost pressures.
In context, the October reading stays above the neutral 50-point threshold and above its long-run average, which indicates continued expansion rather than contraction. Outlets differ in emphasis: some highlight the moderation in growth rates, while others stress supportive factors such as improving overseas demand and export orders. One outlet also notes that business confidence weakens as manufacturers anticipate a less optimistic outlook for the year ahead. Another adds detail that customer acquisition/marketing and improved demand help sustain activity.
Across reporting, the common thread is that headline PMI falls from 55.1 in September to 54.7 in October, alongside cooling inflation measures and continued (though slower) expansion in production and order intake.
