New Delhi, Nov. 3 -- India's manufacturing sector expanded at a faster pace in October as robust domestic demand offset a slowdown in export growth, even as business optimism eased from a seven-month high, survey data revealed.

According to the HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, the index rose to 59.2 in October from 57.7 in September, exceeding the preliminary estimate of 58.4. A reading above 50 indicates expansion in factory activity.

Output growth accelerated, reaching the joint-highest level in five years, matching the pace recorded in August. Manufacturers attributed this improvement to robust demand, enhanced operational efficiency, the acquisition of new clients, and increased inve...