India's manufacturing PMI eases to 54.7 in October with export orders at six-month high

India's manufacturing PMI eases to 54.7 in October with export orders at six-month high8 publishers · first seen Mon, 02 Nov 2026 00:00 UTC · updated Mon, 02 Nov 2026 11:19 UTCIndia's manufacturing sector continued to expand in October, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) easing slightly to 54.7 from 55.1 in September, according to data released by S&P Global. Despite the moderation, the index remained above the neutral mark of 50.0, indicating continued expansion. New export orders reached a six-month high, supported by strong international demand from countries including Bangladesh, Canada, Indonesia, Nepal, Oman, Saudi Arabia, Sri Lanka, the United Kingdom, the United States, and the United Arab Emirates. Although some material and energy costs increased, overall input cost inflation retreated to its lowest level since February. Factory employment increased for the second consecutive month, although the pace of job creation remained slight. Finished goods inventories rose at an unprecedented pace, as companies sought to accommodate demand and prevent shortages.Content auto-generated. May contain inaccuracies.