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

India's manufacturing sector showed slower growth in October as output and new orders moderated. Despite this slowdown, there was an increase in new export orders, reflecting stronger overseas demand. Factory employment rose for the second consecutive month, although job creation eased slightly from September. Input cost inflation also fell to its lowest levels since February. However, business confidence weakened as manufacturers anticipated a less optimistic outlook for the year ahead.