Di­wali boost to IIP, in­fla­tion un­changed

Mint ST - - THE BRIEFING -

New Delhi: In­dia’s fac­tory out­put re­bounded strongly to a nine-month high of 4.3% in Au­gust as com­pa­nies stepped up pro­duc­tion to re­stock ware­houses ahead of the fes­ti­val sea­son, af­ter they re­duced out­put in June and July ow­ing to un­cer­tain­ties re­gard­ing im­ple­men­ta­tion of the goods and ser­vices tax (GST). The Cen­tral Sta­tis­tics Of­fice (CSO) fur­ther re­vised down­ward the in­dex of in­dus­trial pro­duc­tion (IIP) fig­ure for July to 0.9% from 1.2% es­ti­mated ear­lier. Data sep­a­rately re­leased by CSO showed re­tail in­fla­tion was un­changed at 3.28% in Septem­ber from its re­vised fig­ure for Au­gust— the pro­vi­sional re­tail in­fla­tion for Au­gust was 3.36%. PAGE 1

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