New Delhi, Nov. 2 -- India's manufacturing activity moderated slightly in October, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) easing to 54.7 from 55.1 in September, even as export order growth reached a six-month high and price pressures weakened, according to the data released by S&P Global.

Despite the decline, the index remained "comfortably above the neutral mark of 50.0", indicating continued expansion in the manufacturing sector. It also stayed above its long-term average.

The report said growth in new business remained strong, with new export orders increasing at the fastest pace in six months. Manufacturers reported higher demand from markets including Bangladesh, Canada, Indonesia, Nepal, Oman, Saudi Ara...