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India’s September industrial output rises 4% y/y, led by strong manufacturing
India’s industrial output rose 4% year-on-year in September, ahead of market expectations of about 3%, driven by a 4.8% rise in manufacturing and a 10.2% surge in consumer durables output. Electricity generation rose 3.1%, while mining fell 0.4%. Analysts say the data points to an improving capex cycle and stronger domestic demand, though consumer non-durables output declined 2.9%. The April-September period saw output grow 3% versus a year ago. The government may use this as support for further stimulus decisions.
Tags:
- economy
- India
Explore:High Return Equity Mutual Fund
positive
India’s September industrial output rises 4% y/y, led by strong manufacturing
India’s industrial output rose 4% year-on-year in September, ahead of market expectations of about 3%, driven by a 4.8% rise in manufacturing and a 10.2% surge in consumer durables output. Electricity generation rose 3.1%, while mining fell 0.4%. Analysts say the data points to an improving capex cycle and stronger domestic demand, though consumer non-durables output declined 2.9%. The April-September period saw output grow 3% versus a year ago. The government may use this as support for further stimulus decisions.
Tags:
- economy
- India
Explore:High Return Equity Mutual Fund
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India’s industrial production in September grew 4% YoY, with manufacturing and durables leading gains but non-durables declining.
India’s industrial output rose 4% year-on-year in September, ahead of market expectations of about 3%, driven by a 4.8% rise in manufacturing and a 10.2% surge in consumer durables output. Electricity generation rose 3.1%, while mining fell 0.4%. Analysts say the data points to an improving capex cycle and stronger domestic demand, though consumer non-durables output declined 2.9%. The April-September period saw output grow 3% versus a year ago. The government may use this as support for further stimulus decisions.
India’s industrial output rose 4% year-on-year in September, ahead of market expectations of about 3%, driven by a 4.8% rise in manufacturing and a 10.2% surge in consumer durables output. Electricity generation rose 3.1%, while mining fell 0.4%. Analysts say the data points to an improving capex cycle and stronger domestic demand, though consumer non-durables output declined 2.9%. The April-September period saw output grow 3% versus a year ago. The government may use this as support for further stimulus decisions.
Tags:
- economy
- India
- economy
- India
- industrial output
- manufacturing
- growth data