India's manufacturing PMI eases to 54.7 in October

India's manufacturing growth slowed slightly in October, with the HSBC India Manufacturing PMI slipping to 54.7 from 55.1 in September as output and new orders rose at a softer pace. The index stayed above its long-run average and well above the 50 mark separating expansion from contraction. Firms kept adding jobs and building inventories, though business confidence weakened.