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Business
India Manufacturing PMI Slides to 54.7 in October Amid Slowing Output Growth
✍️ Fortune India
🗓 02 Nov 2026, 02:45 PM
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India's manufacturing sector growth moderated in October, with the PMI index easing to 54.7 due to slower expansion in output and new orders.
India's manufacturing activity showed signs of cooling in October, with the Purchasing Managers' Index (PMI) easing to 54.7. This decline indicates that while the sector remains in expansion territory, the pace of growth has moderated compared to previous months.
The slowdown was primarily driven by a deceleration in production levels and a reduction in the rate of new order intake. These factors suggest a slight softening in demand within the industrial sector during the period.
Despite the easing, a PMI reading above 50 confirms that the manufacturing industry is still growing, albeit at a slower clip. Analysts note that this trend reflects a normalization of growth rates after earlier periods of stronger momentum.
The slowdown was primarily driven by a deceleration in production levels and a reduction in the rate of new order intake. These factors suggest a slight softening in demand within the industrial sector during the period.
Despite the easing, a PMI reading above 50 confirms that the manufacturing industry is still growing, albeit at a slower clip. Analysts note that this trend reflects a normalization of growth rates after earlier periods of stronger momentum.