Index of Industrial Production registers growth in September

Ivan Schwartz
November 11, 2017

India's industrial output grew 3.8 per cent in September from a year earlier, the data from Central Statistics Office of the Ministry of Statistics and Programme Implementation showed today.

The UK's industrial output grew at its fastest pace so far this year in September, according to official figures.

Separate data showed the UK's trade deficit in goods and services narrowed by more than expected in September.

In the third quarter, output increased 0.6 percent each in manufacturing and overall industry, data showed.

The increase in industrial production was better than analysts' forecasts, and the fastest growth seen since December previous year.

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However, he added that the recovery in manufacturing output could be hit by recent rises in the oil price.

As per Use-based classification, the growth rates in September 2017 over September 2016 are 6.6 percent in rimary goods, 7.4 percent in capital goods, 1.9 percent in intermediate goods and 0.5 percent in infrastructure/ construction goods.

The revisions have little effect on GDP growth in the third quarter, the ONS said. Construction fell for a second straight quarter, with the 0.9 percent decline exceeding the 0.7 percent initially estimated.

The mining and quarrying sector rose 2.1 per cent in the three months to September compared with the previous quarter, while total manufacturing and electricity and gas both rose 1.1 per cent.

United Kingdom construction output slumped 1.6% in September, the ONS revealed, way worse that the 0.3% expected by the market and larger than the 1.0% drop the ONS had initially pencilled in its quarterly estimate.

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