Mixed signals: Factory output makes massive jump to 25-month high at 8.4% but CPI disappoints

Mixed signals: Factory output makes massive jump to 25-month high at 8.4% but CPI disappoints

Two macroeconomic data on Friday gave mixed signals for the economy as the factory output (IIP) surprised everyone with a massive jump of 8.4% in November as compared to 2.2% in October, but CPI disappointed at 5.21%

By: FE Online | Updated: January 12, 2018 6:16 PM

Mixed signals: Factory output makes a massive jump to a 25-month high at 8.4% but CPI disappoints. (Image: Reuters)

Top News

  • NCLT approves Vodafone-Idea merger: Here's all you need to know about the deal

    NCLT approves Vodafone-Idea merger: Here's all you need to know about the deal

  • Pakistan upset at Isro satellite launch, warns India; makes this big statement

    Pakistan upset at Isro satellite launch, warns India; makes this big statement

  • Major disinvestment push by government, looks to exit India Tourism Development completely

    Major disinvestment push by government, looks to exit India Tourism Development completely

Two macroeconomic data on Friday gave mixed signals for the economy as the factory output (IIP) surprised everyone with a massive jump to a 25-month high of 8.4% in November as compared to 2.2% in October, while the Consumer Price Index, however, accelerated to a 17-month-high of 5.21% in December from November’s 4.88%, in sink with the worries expressed by the Reserve Bank of India.

The industrial output grew 8.4% in November from a year earlier, government data showed on Friday. Economists surveyed by Reuters had forecast 4.4% growth in output compared with a downwardly revised 2% year-on-year increase in October.

India’s annual retail inflation accelerated in December to a 17-month high of 5.21%, government data showed on Friday, mainly driven by faster rises in prices of food and fuel products. Analysts polled by Reuters had forecast December’s CPI inflation to rise to 5.10% from November’s 4.88%. As per the data released by the Central Statistics Office (CSO), inflation for the food basket increased to 4.96% in December from 4.42% in the preceding month.
The data revealed that eggs, vegetables and fruits became costlier, while inflation moderated in case of cereals and
pulses.

Details awaited…

More Top News

  • From Chandrayaan-2 to a communications satellite; check out what Isro plans next after completing 100th launch

    From Chandrayaan-2 to a communications satellite; check out what Isro plans next after completing 100th launch

  • Address proof warning! Passports may not be valid anymore; see massive changes in offing

    Address proof warning! Passports may not be valid anymore; see massive changes in offing

  1. No Comments.

No Comments Yet

Leave a Reply