INSUBCONTINENT EXCLUSIVE:
robust and price pressures were contained.
The survey compiled by S-P Global reflected an improvement in employment and purchases by
A print above 50 in the survey indicates expansion in manufacturing activity
Overall, factory orders increased at an above-trend pace that was nonetheless the weakest since June
inflation was the second-weakest for two years, ahead of that registered in the prior survey period
basis points since early May.Pollyanna De Lima, economics associate director at S-P Global Market Intelligence, said the Indian
manufacturing industry showed resilience as factory orders and production rose strongly in October despite losing growth
momentum.
"Manufacturers continued to loosen the purse strings as they expect demand buoyancy to be sustained in coming months
There was a marked rise in input purchasing, with firms adding to their inventories to better align with client purchasing
Capacities were again expanded to accommodate for improving sales
manufacturing firms faced substantial capacity pressures, as outstanding business volumes rose to the greatest extent in almost two
said.
Earlier, the Organization for Economic Co-operation and Development (OECD) and S-P last month had kept its growth forecasts for India
