Factory Output

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Factory Output - Total results - 80
COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India
Business

COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India

“Foreign investors have pulled an estimated $26 billion out of developing Asian economies and more than $16 billion out of India, increasing concerns of a major economic recession in Asia,” independent Congressional Research Center said in its latest report on global economic effects of COVID-19.

Coronavirus Outbreak: Manufacturing activities shrink in March in US, world; new orders decline to lowest level
Business

Coronavirus Outbreak: Manufacturing activities shrink in March in US, world; new orders decline to lowest level

JP Morgan reported that global manufacturing shrank in March. Its worldwide manufacturing index registered 47.6 in March.

Industrial production shrinks 0.3% in December as manufacturing sector dips; retail inflation rises to 7.59% in January on high food prices
Business

Industrial production shrinks 0.3% in December as manufacturing sector dips; retail inflation rises to 7.59% in January on high food prices

The food inflation last month was 13.63 percent, compared with (-)2.24 percent in January 2019. However, it is down from 14.19 percent in December.

IIP has grown just 0.6% this fiscal so far vs 5% in last year; economic recovery depends on how govt spends in Q4
Business

IIP has grown just 0.6% this fiscal so far vs 5% in last year; economic recovery depends on how govt spends in Q4

It will take a few more months to understand whether the uptick in the November factory output indicates the beginning of a revival trend

Industrial production rises 1.8% in November on growth in manufacturing sector after 3 months of contraction
Business

Industrial production rises 1.8% in November on growth in manufacturing sector after 3 months of contraction

Industrial production, or factory output, is the closest approximation for measuring the economic activity of the country's business landscape.

IIP contracts for 3rd straight month: With nosediving growth and high inflation, is economy entering a 'stagflation' phase?
Business

IIP contracts for 3rd straight month: With nosediving growth and high inflation, is economy entering a 'stagflation' phase?

The latest inflation numbers prove the Monetary Policy Committee (MPC) got its assessment right in the last policy when the panel chose to hold rates despite expectations of a rate cut.

Sensex tumbles 229 points, Nifty below 11,900-mark amid weak macro data concerns; Yes Bank, Vedanta among top losers
Business

Sensex tumbles 229 points, Nifty below 11,900-mark amid weak macro data concerns; Yes Bank, Vedanta among top losers

Yes Bank was the top loser in the Sensex pack cracking 6.51%, followed by SBI, Axis Bank, Vedanta, Sun Pharma, ICICI Bank, IndusInd Bank, ITC, Infosys and Tech Mahindra, shedding up to 3.69%.

Economic slowdown: Why there will be no honeymoon period, no scope for window dressing for India’s next government
Business

Economic slowdown: Why there will be no honeymoon period, no scope for window dressing for India’s next government

Slowing vehicle sales, muted consumer spending, low retail loan outflow and struggling factory output are indicating a worrying trend of an economic slowdown in Asia’s third-largest economy.

Industrial output contracts 0.1% in March to lowest in 21 months as manufacturing sector growth slows down
Business

Industrial output contracts 0.1% in March to lowest in 21 months as manufacturing sector growth slows down

Industrial output growth was 4.6 percent and 3.3 percent in 2016-17 and 2015-16, respectively.

IIP at 20-month low in February: Growth worries deepen as manufacturing sector stress continues to hammer factory output
Business

IIP at 20-month low in February: Growth worries deepen as manufacturing sector stress continues to hammer factory output

The IIP numbers are typically touched with a bit of suspicion by seasoned economists as these are highly volatile monthly numbers. Sudden spikes and drops are normal and don’t get over hype.

Retail inflation inches up to 2.86% in March on rise in food, fuel prices; industrial output growth at 0.1% in February
Business

Retail inflation inches up to 2.86% in March on rise in food, fuel prices; industrial output growth at 0.1% in February

The inflation based on Consumer Price Index was 2.57 percent in February this year. On yearly basis, it was 4.28 percent in March 2018.

At 10.8%, growth in infra credit is back to FY15 levels; economy is riding on the back of govt spending
Business

At 10.8%, growth in infra credit is back to FY15 levels; economy is riding on the back of govt spending

Its not just infrastructure loans, overall lending to industry too has shown a reviving trend after staying in the negative for two consecutive years.

January IIP at 1.7%: Why a consistent downward trend in factory output data over last few months is worrying
Business

January IIP at 1.7%: Why a consistent downward trend in factory output data over last few months is worrying

The IIP trend over last 6-8 months would perhaps put pressure on the Monetary Policy Committee to go for a sharper rate cut as early as in April to support growth.

Fiscal deficit target of 3.3% for 2018-19 could be a challenge, likely to be breached, say experts
Business

Fiscal deficit target of 3.3% for 2018-19 could be a challenge, likely to be breached, say experts

Government's fiscal deficit touched 114.8% of the full-year estimates at the end of November

Industrial growth falls to 17-month low of 0.5% in November on contraction in manufacturing sector; power output grows
Business

Industrial growth falls to 17-month low of 0.5% in November on contraction in manufacturing sector; power output grows

The manufacturing sector, which constitutes 77.63 percent of the index, recorded a contraction of 0.4 percent in November as against a growth of 10.4 percent a year ago.

Poor mining output drags IIP growth to three-month low of 4.3% in August, govt data shows
Business

Poor mining output drags IIP growth to three-month low of 4.3% in August, govt data shows

Industrial production growth slipped to a three-month low of 4.3 percent in August mainly due to a sharp decline in the mining sector output and poor offtake of capital goods, according to the Central Statistics Office (CSO) data.

Industrial growth expands 7% in June on higher manufacturing, mining and power generation output
Business

Industrial growth expands 7% in June on higher manufacturing, mining and power generation output

The manufacturing sector, which constitutes 77.63 percent of the index, grew by 6.9 percent in June, as against a decline of 0.7 percent in the year-ago month.

Inflation hits 5 month high, IIP at 7-month low: Why the twin shocks present a tough dilemma to the MPC
Business

Inflation hits 5 month high, IIP at 7-month low: Why the twin shocks present a tough dilemma to the MPC

In an election year, when growth is on a slippery note, the RBI will face pressure to cut rates. But, if inflation continues to rise, rate hikes will be inevitable

Retail inflation hits five-month high of 5% in June on costlier fuel, reduces possibility of RBI rate cut in August
Business

Retail inflation hits five-month high of 5% in June on costlier fuel, reduces possibility of RBI rate cut in August

The inflation in fuel and light category went up to 7.14 percent as against 5.8 percent in May