India Factory Growth Slows in October, Export Orders Jump, PMI Shows
Export orders accelerated to a six-month high even as domestic demand and hiring weakened, helping cushion slower factory growth, the survey showed.
- India Manufacturing Purchasing Managers Index eased to 54.7 in October, remaining above 50.0 and indicating continued manufacturing growth despite the month-on-month decline.
- New orders pulled back marginally from a seven-month high as domestic demand cooled, though Export orders accelerated to their fastest pace in six months, cushioning the slowdown.
- Manufacturers filled their warehouses with finished products at a record pace in the survey's more than 21-year history, while Producers increased Input inventories to the greatest extent in eight months.
- Selling price rises fell to their weakest in nearly four years, suggesting limited pricing power, while Factory employment grew for a second month despite a slower hiring pace.
- Business confidence dipped marginally and remained below its long-run average as Global volatility creates production pressures, signaling cautious sentiment despite manufacturing resilience.
13 Articles
13 Articles
India's manufacturing sector activity growth eases in October on softer rise in output, new orders
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell to 54.7 in October from 55.1 in September. Still, it remained above its long-run average and comfortably above the neutral mark of 50.0
The Economic Times
Times of IndiaIndia factory growth slows in October, export orders jump, PMI shows
India's manufacturing growth slowed in October, with the HSBC Manufacturing PMI falling to 54.7 from 55.1 in September, as domestic demand and hiring weakened. However, export orders rose at their fastest pace in six months, providing some support to factory activity.
India’s factory growth eases to 54.7 in October, export orders hit six-month high
Manufacturing activity moderated from September's 55.1 but remained firmly in expansionary territory. Export orders grew at their fastest pace in six months, while selling price inflation fell to its lowest in nearly four years
India's manufacturing sector activity growth eases in Oct on softer rise in output, new orders - OrissaPOST
New Delhi: India’s manufacturing sector activity growth eased in October as output and new orders rose at softer rates, while moderate cost pressures provided support and a buffer against a sharper decline, a monthly survey said Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.7 in October from 55.1 in […]
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