India, Nov. 2 -- India's manufacturing sector activity growth moderated in October, as output and new orders increased at a slower pace, according to a monthly survey released on Monday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) declined to 54.7 in October from 55.1 in September.
However, the index remained above its long-term average and comfortably higher than the 50-mark, indicating continued expansion in manufacturing activity.
A PMI reading above 50 indicates expansion in the sector, while a reading below 50 signals contraction.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....