Indian manufacturing expanded at the slowest pace in five months in September but demand and output significantly improved despite increased inflationary pressures, said a survey by the credit rating agency S&P Global.

• The Manufacturing Purchasing Managers' Index (PMI) fell to 57.5 in September, compared to 58.6 in August.
• A print above 50 is considered expansion and that below 50 contraction in manufacturing activity. Although the lowest for five months, the latest reading remained firmly above the no-change mark of 50.0.
• The survey noted that September data showed a let-up in the recent surge in costs faced by Indian goods producers