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

What happened: India's manufacturing PMI eased in October as output and new orders moderated, while new export orders rose to a six-month high. Key numbers: PMI 54.7 in October; export orders at a six-month high; input cost inflation at its lowest since February. Why it matters: Factory employment rose for a second consecutive month, but business confidence weakened on a less optimistic outlook for the year ahead.

India's manufacturing PMI eased in October as output and new orders moderated, while new export orders rose to a six-month high.

Factory employment rose for a second consecutive month, but business confidence weakened on a less optimistic outlook for the year ahead.