{
  "id": 17845956,
  "title": "Manufacturing activity eases in Oct as new order growth drops",
  "url": "https://urgent.news/2026/11/02/manufacturing-activity-eases-in-oct-as-new-order-growth-drops",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T19:22:12.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/manufacturing-activity-eases-in-oct-as-new-order-growth-drops/articleshow/135473150.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "India's manufacturing activity moderated in October as growth in new orders and output slowed, according to a private survey released by HSBC. The HSBC Purchasing Managers Index (PMI) fell to 54.7 in October from 55.1 in September and 59.2 a year earlier, indicating expansion but below its long-run average. Despite this, export order growth reached a six-month high, supported by strong demand from overseas markets, including Bangladesh, Canada, Indonesia, Nepal, Oman, Saudi Arabia, Sri Lanka, the UK, the US, and the UAE. Business confidence weakened from September and remained below its long-run average, but optimism was supported by fresh client enquiries and demand for industrial automation and technology solutions. Manufacturers also increased input inventories to the greatest extent in eight months to mitigate potential shortages.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}