{"id":32057,"date":"2018-10-29T12:27:46","date_gmt":"2018-10-29T06:57:46","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=32057"},"modified":"2018-10-29T12:27:46","modified_gmt":"2018-10-29T06:57:46","slug":"industrial-output-expands-8-4-pace-at-25-month-high","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/industrial-output-expands-8-4-pace-at-25-month-high\/","title":{"rendered":"Industrial output expands 8.4%, pace at 25-month high\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Economy\/industrial-output-expands-84-pace-at-25-month-high\/article22431700.ece\"><strong>Industrial output expands 8.4%, pace at 25-month high<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Strong performances in manufacturing, construction, and consumer non-durables sectors and government spending help spur November IIP<\/p>\n<p><strong>What<\/strong><\/p>\n<p>Industrial output growth quickened in November to a 25-month high of 8.4% bolstered by strong performances in the manufacturing, construction, and consumer non-durables sectors, official data show<\/p>\n<p><strong>CPI for December<\/strong><\/p>\n<p>Separately, Consumer Price Index (CPI) data for December showed retail inflation quickened to a 17-month high of 5.21%, spurred by food and fuel price gains.<\/p>\n<p><strong>Growth in various sectors<\/strong><\/p>\n<ul>\n<li>The acceleration in the Index of Industrial Production (IIP) growth was significant, coming after October\u2019s 2.24% increase.<\/li>\n<li>Growth in the manufacturing component of the index touched 10.2% in November, up from 2.47% in the previous month.<\/li>\n<li>This strong performance was accompanied by a 13.5% jump in the infrastructure and construction sector, up from 5.21% in October.<\/li>\n<\/ul>\n<p><strong>\u2018Base effect\u2019<\/strong><\/p>\n<p>Economists said a low base &#8212; in November 2016, when the government demonetised high value currency, IIP grew 5.1% even as the index number itself shrank from the preceding month&#8211; and public spending contributed to the stronger IIP reading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial output expands 8.4%, pace at 25-month high\u00a0 Context Strong performances in manufacturing, construction, and consumer non-durables sectors and government spending help spur November IIP What Industrial output growth quickened in November to a 25-month high of 8.4% bolstered by strong performances in the manufacturing, construction, and consumer non-durables sectors, official data show CPI for&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/industrial-output-expands-8-4-pace-at-25-month-high\/\">Continue reading <span class=\"screen-reader-text\">Industrial output expands 8.4%, pace at 25-month high\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-32057","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704784535},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=32057"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32057\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=32057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=32057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=32057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}