- India’s Manufacturing PMI decreased from 57.5 in September to 55.5 in October.
- This marks the second consecutive month of slower growth in the manufacturing sector.
- Several measures, including new orders, production, exports, and hiring, experienced a deceleration due to reduced demand for specific products.
- Inflationary forces remained stable, with moderate increases in input costs passed on to customers.
- International sales growth remained strong but weakened in October, leading to some job creation, albeit at a slow rate.