卢比变化不大，在美国大选前扭转了地区波动趋势。周四，印度卢比基本持平，波动预期表明，尽管其地区同行正在为美国总统大选前的波动做准备，但预计该货币仍将保持区间波动。

Rupee little changed, bucks regional volatility trends ahead of US election.The Indian rupee was largely flat on Thursday with volatility expectations signalling that the currency is expected to remain rangebound, even as its regional peers brace for swings heading into the U.S. presidential election.

初步估计显示，2024年10月，汇丰银行印度制造业采购经理人指数从上个月的56.5升至57.4。最新读数超过了系列趋势，表明该行业的健康状况持续显著改善。总销售额和出口销售额增长加快，产量显著增长。创造就业机会也大幅增加，这是自2006年2月以来综合水平上工资数字的最大增幅。与此同时，持续的补货努力促进了投入品采购。尽管如此，随着投入价格通胀加速，制造商的利润率仍面临压力。为了管理不断上涨的成本，企业正在提高下游消费者的产出价格。在商业信心方面，制造商是自7月以来最乐观的。

The HSBC India Manufacturing PMI rose to 57.4 in October 2024, up from 56.5 in the previous month, preliminary estimates showed. The latest reading exceeded the series trend and indicated a sustained significant improvement in the sector's health. Growth in total and export sales accelerated, with output rising at a notable pace. Job creation also surged, marking the sharpest increase in payroll numbers at the composite level since February 2006. Meanwhile, ongoing restocking efforts boosted input purchasing. Despite this, manufacturers' profit margins remain under pressure as input price inflation accelerates. To manage rising costs, firms are increasing output prices for downstream consumers. In terms of business confidence, manufacturers were the most optimistic since July.

初步估计显示，2024年10月，汇丰银行印度服务业采购经理人指数从上个月的一年多来的低点57.7微升至57.9。这标志着服务业活动连续第39个月扩张，这得益于新工作人数的强劲增长。随后，服务业的就业增长飙升至18.5年来的最高水平，全职和兼职职位都有显著增长。此外，出口销售回升，产能压力加剧，未结业务量以5月以来的最快速度增长。在定价方面，投入成本继续上升，促使服务提供商提高销售价格。总体而言，与前几个月相比，商业乐观情绪略有下降，但仍高于长期平均水平。

The HSBC India Services PMI edged higher to 57.9 in October 2024 from over one-year low of 57.7 in the previous month, preliminary estimates showed. This marked the 39th consecutive month of expansion in services activity, driven by a strong rise in new work intakes. Subsequently, employment growth in services surged to its highest level in 18.5 years, with notable increases in both full-time and part-time positions. Moreover, export sales picked up, while capacity pressures intensified, with outstanding business volumes growing at the fastest pace since May. On the pricing front, input costs continued to rise, prompting service providers to increase selling prices. Overall, business optimism dipped slightly compared to earlier months but remained above its long-term average.

2024年10月，汇丰印度综合采购经理人指数从上个月的58.3微升至58.6，仍远高于其长期平均水平54.7。这反映了印度私营部门的持续强劲增长，这得益于工厂生产（9月份为57.4比56.5）和服务业活动（9月为57.9比57.7）的扩张。受国际对印度商品和服务需求改善的推动，新订单总量增长更快。此外，就业增长迅速，是18年半以来最快的，服务业的招聘活动更为明显。在价格方面，由于商品生产商和服务提供商的价格略有上涨，投入成本通胀升至三个月来的最高水平。展望未来，乐观情绪有所下降，但仍高于长期平均水平。

The HSBC India Composite PMI edged up to 58.6 in October 2024, from 58.3 in the previous month and remained well above its long-run average of 54.7. This reflects the continued robust growth of India's private sector, driven by expansions in both factory production (57.4 vs 56.5 in September) and services activity (57.9 vs 57.7). Total new orders expanded at a faster pace, driven by an improvement in international demand for Indian goods and services. In addition, employment growth was sharp and the quickest in 18-and-a-half years, with hiring activity more pronounced in the services sector. On the price front, input cost inflation rose to its highest level in three months, amid slight upticks in prices observed among both goods producers and service providers. Looking ahead, the level of optimism decreased but remained above its long-run average.