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The HSBC Flash India Composite Purchasing Managers' Index (PMI) rose to 56.7 in October from 55.9 in the preceding month. The reading was 60.4 a year ago. A reading above 50 signals expansion and one below indicates contraction. "Private-sector manufacturing activity continued to expand, with growth of output and new orders broadly unchanged at last month's levels," said Pranjul Bhandari, chief India economist at HSBC. Manufacturing PMI declined to 54.9 in October from 55.1 in September, due to a slowdown in job creation. In contrast, services activity increased to 56.2 from 55.2 during this period. Meanwhile, inflationary pressures continued to ease in October. Input cost prices slowed to their lowest level in almost a year, while output price inflation moderated to its weakest pace since March 2025. "Where input prices increased, higher steel and transportation costs were mentioned," the report said. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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