Double bonanza for economy: Macros improve as inflation down, factory output up

Double bonanza for economy: Macros improve as inflation down, factory output up

India's annual consumer inflation in September marginally eased to 3.28% from a year ago, government data showed on Thursday.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2017 stand at 92.7, 123.3 and 155.4 respectively, with the corresponding growth rates of 9.4%, 3.1% and 8.3 % as compared to August 2016.

India's industrial production growth hit a nine-month high of 4.3% in August, according to data published by the Central Statistical Organisation (CSO) on October 12. Services prices fell by 0.16% year-on-year.

The National Bank of Romania (BNR) revised at the beginning of August the inflation forecast for the end of this year to 1.9 pct, given that it had previously estimated a 1.6 pct inflation rate, down 0.1 percentage points.

The industrial production, which grew a meagre 1.2%, bearing the brunt of a dismal show of the manufacturing sector, made a remarkable comeback at 4.3%.

The latest print is lower than 4.39 per cent recorded in September previous year. Primary goods output was 7.1%, up from 2.3% in July.

Mumbai: Consumer inflation edged lower to 3.28 per cent for the month of September, driven by housing and fuel prices.

Fuel inflation stood at 5.56 percent in September, while housing inflation stood at 6.10 per cent. The current inflation rate remains below the Reserve Bank's 4 per cent target.

It was 3.36 percent in the previous month.

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