India Factory Growth Slows in October, Exports Rise
India's manufacturing growth slowed in October, with the HSBC Manufacturing PMI falling to 54.7 from 55.1 in September. Domestic demand and hiring weakened. Export orders rose at their fastest pace in six months, giving some support to factory activity.
Context
Context: PMI is a monthly survey of purchasing managers, and a reading above 50 signals that factory activity is expanding. Strong export orders help offset weaker demand at home.
Burning Potato score: 56%