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

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."