positive
India manufacturing PMI jumps to 59.2 in October signalling strong output
India’s manufacturing PMI accelerated to 59.2 in October, up from 57.7 in September, according to S&P Global data, reflecting robust growth in production and new orders. Employment rose for the 20th consecutive month and input-cost inflation eased to the lowest in eight months despite persistent commodity headwinds. The report underscores the factory-sector resilience amid global headwinds and supports India’s broad economic momentum even as the services-sector pace decelerates. Economists said the print enhances hopes of domestic demand holding up well into 2026.
Tags:
- economy
- india manufacturing
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positive
India manufacturing PMI jumps to 59.2 in October signalling strong output
India’s manufacturing PMI accelerated to 59.2 in October, up from 57.7 in September, according to S&P Global data, reflecting robust growth in production and new orders. Employment rose for the 20th consecutive month and input-cost inflation eased to the lowest in eight months despite persistent commodity headwinds. The report underscores the factory-sector resilience amid global headwinds and supports India’s broad economic momentum even as the services-sector pace decelerates. Economists said the print enhances hopes of domestic demand holding up well into 2026.
Tags:
- economy
- india manufacturing
Explore:Mutual Fund Tools
1 min read
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India’s manufacturing PMI rose to 59.2 in October, led by stronger output and orders with employment increasing and cost pressures easing.
India’s manufacturing PMI accelerated to 59.2 in October, up from 57.7 in September, according to S&P Global data, reflecting robust growth in production and new orders. Employment rose for the 20th consecutive month and input-cost inflation eased to the lowest in eight months despite persistent commodity headwinds. The report underscores the factory-sector resilience amid global headwinds and supports India’s broad economic momentum even as the services-sector pace decelerates. Economists said the print enhances hopes of domestic demand holding up well into 2026.
India’s manufacturing PMI accelerated to 59.2 in October, up from 57.7 in September, according to S&P Global data, reflecting robust growth in production and new orders. Employment rose for the 20th consecutive month and input-cost inflation eased to the lowest in eight months despite persistent commodity headwinds. The report underscores the factory-sector resilience amid global headwinds and supports India’s broad economic momentum even as the services-sector pace decelerates. Economists said the print enhances hopes of domestic demand holding up well into 2026.
Tags:
- economy
- india manufacturing
- economy
- india manufacturing
- pmi
- industrial output
- domestic demand