Do More With Reuters
Partner Services

INSTANT VIEW 2-India's Nov industrial output up 2.4 pct y/y

Mon Jan 12, 2009 12:26pm IST
 
Email | Print | | Single Page
[-] Text [+]

NEW DELHI, Jan 12 (Reuters) - India's industrial output INIP=ECI rose 2.4 percent in November from a year earlier, rebounding from the previous month's revised decline of 0.3 percent, data showed on Monday.

The figure was above a forecast for an annual decline of 1 percent in a Reuters poll of economists.

Industrial output rose 8.1 percent in the 2007/08 (April-March) fiscal year, compared with 11.6 percent in 2006/07. [ID:nBMA002157] ------------------------------------------------------------

KEY POINTS: Annual growth in pct: Nov 2008 Nov 2007 Consumer goods +4.4 -2.9 Consumer durables -4.2 -5.5 Consumer non-durables +7.3 -2.0 Capital goods -2.3 +24.2 Mining +0.5 +6.3 Electricity +3.1 +5.8

- Manufacturing production INMFG=ECI rose 2.4 percent in November from a year earlier.

- April-November industrial output INIPC=ECI rose 3.9 percent from a year earlier.

COMMENTARY:

HAN-SIA YEO, FOREX STRATEGIST, BANK OF AMERICA, SINGAPORE:

"Better-than-expected industrial output should pare market expectation for easing in the near-term. The clear downtrend in economic activity should however continue to drive expectation for easier policy."  Continued...

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage