India Industrial Output Growth During September Slowed To 3.8%,When Copared With The Rate Of 4.5% During The Month Prior.Growth For First Half Of This Fiscal Year Is Reported At 2.5%Lower Than Pace Of 5.8% During Same Period Last Year.Sluggishness In THe Manufacturing Activity Continues To Take A Toll On The Headline Reading. Manufacturing Output During The First Six Months Of FY18 Has Expanded By A Meagre Average Of1.9% when Compared With 6.1% During Apr-Sep Period Last Year.Neverthless, Miniing Activity Is Exhibiting Signs Of Traction,Growing By An Impressive 7.9% During September.
Primary Goods Witnessed Growth Of 6.6% (YoY), WhileInfrastructure Goods Lost Steam, Also Manifested by The SubduedActivity In Cement And Steel. Capital Goods Extended TheRecovery, Growing 7.7% (YoY), After Snapping a Series OfContraction In August. Consumer Non-Durables Sustained Strenth,Rising A Healthy 10% during Last Month. Going Ahead, We Expect The Headline Reading To Improve As the Economic ActivityGraduaaly Rebounds.
To Read Complete Report & Disclaimer Click Here
Above views are of the author and not of the website kindly read disclaimer