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

The Consumer Price Index or retail inflation stood at 4.39 per cent in September 2016. PTI file

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.

Related:

Comments

Latest news

New #1 Contenders Crowned On Tonight's WWE SmackDown (Photos, Video)
Zayn should have some explanation for this on SmackDown Live tonight, but this kept the WWE Universe talking for the whole night. Even with those expectations, McMahon and Owens had everyone watching holding their breath for the latter half of the match.

Amazon offers a new way for students to get a Prime membership
But for parents who don't want to review everything in advance, the option to set pre-approved spending limits is available, too. Any time they make a purchase, teens will be able to include a note that explains (or argues) why they need the particular item.

Canadian National Railway Company (NYSE:CNI) Valuation According To Analysts
Additionally Canadian Pacific Railway Limite recently announced a dividend which will be paid on Monday the 30th of October 2017. Levin now expects that the transportation company will earn $9.12 per share for the year, up from their prior forecast of $9.11.

Russia May Demand US Cut Diplomatic Staff
"Washington deliberately destroys relations with Moscow ", the Russian Foreign Ministry stated on Thursday. He stressed that it had been done with due respect to the Russian national symbols.

LG and Apple may partner to make foldable displays for the iPhone
Apple and LG Display are in discussions to make a foldable OLED screen for the iPhone, reported CNET . That's according to The Bell , a news outlet in Korea, as translated by The Investor .

Other news