India
India manufacturing PMI eases to 54.7
The Hindu·
The HSBC India Manufacturing Purchasing Managers Index fell to 54.7 in October 2026 from 55.1 in September. A reading above 50 signals expansion. New export orders rose at the fastest pace in six months. HSBC Chief India Economist Pranjul Bhandari said output stayed firmly expansionary. Input cost inflation retreated to its lowest since February, the survey said.
Prism
What It Means For You
- Factories still expanded in October, though the pace cooled from September.
- Export demand rose across destinations including the U.S., U.K., UAE and Bangladesh.
- Firms raised input inventories at the strongest rate in eight months as a buffer.
What's Happening
- The private survey linked growth to new client wins, demand trends and marketing campaigns.
- September had marked a seven-month high before the mild October easing.
- Respondents cited higher prices for several materials and energy even as overall cost pressure eased.
What the PMI tracks
- The PMI summarises factory output, new orders, employment and prices from private survey responses.
- Readings above 50 mark expansion; readings below 50 mark contraction.
- Bhandari said the October level stayed above its long-run average.
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