India's factory output expands at 7.1% in February vs 7.5% (MoM)

German industrial production shrank surprisingly in February 2018

Manufacturing output declined 0.2% on the month in February after a flat January, the first monthly fall in nearly a year.

Overall industrial output, which also includes energy production, went up 0.1% in February, after a 1.3% rise the previous month.

In further signs of a weak first quarter, the ONS said Wednesday that construction output declined in February, falling 1.6% on the month.

This can be taken as a transitory change mainly on account of lower output in mining sector, said DK Srivastava, chief policy advisor at EY.

Manufacturing output in the United Kingdom fell on the month in February, adding to signs the economy had a slow start to 2018. In the latest three months, factory output rose 0.6%, the least since July. Consumer durables too grew at 7.9 per cent as against a contraction of 4.6 per cent in February 2017. As per use-based classification, the growth rates in February 2018 over February 2017 are 3.7 per cent in primary goods, 3.3 per cent in intermediate goods and 12.6 per cent in infrastructure/construction goods.

Retail inflation based on the Consumer Prime Index (CPI) moderated in March due to easing food prices, including vegetables.

However, the March 2018 inflation is higher than 3.89 per cent recorded in the same month a year ago. Overall, inflation in the food basket was 2.81%, lower than 3.26% in February. The earlier low at 3.58 per cent was recorded in October 2017.

Читайте также: School district hands out baseball bats for classroom defense

The Bank of England is nevertheless expected to raise its benchmark interest rates to 0.75% when officials meet next month.

However, mining output declined by 0.3 per cent against a growth 4.6 per cent earlier.

Last week, the RBI brought down its January-March FY18 inflation projection to 4.5% from at 5.1%. As per data released by the Central Statistics Office (CSO), inflation in the vegetables segment cooled to 11.7 per cent in March from 17.57 per cent in the previous month.

Reacting to the macroeconomic data, Commerce and Industry Minister Suresh Prabhu said in a tweet: "The IIP for the manufacturing sector in February 2018 stands at 130.1 which is 8.7 per cent higher than in Feb 2017 with fifteen out of the twenty three industry groups showing positive growth".

Anis Chakravarty, lead economist and partner, Deloitte India said the downward growth movement of food inflation has had a larger-than-expected role to play in easing inflation prints. and improved monsoon prospects are likely to keep food inflation concerns at bay.

Economic Affairs Secretary Subhash Chandra Garg tweeted: "Another very good IIP growth number came out today".

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related News:



Most liked

Trump Plans to Pardon CIA Leaker Scooter Libby
Interested in Donald Trump? The pardon, if it comes to pass, would be President Trump's second such action. Since the conviction, Libby has since had his law license restored and former Virginia Gov.

Canada's Kia Nurse picked 10th in WNBA draft by New York Liberty
Naturally, Barta's response was one of interest. "It's about going somewhere where you know you can fit in". She worked on her face-up game this season, giving her a mid-range jumper to fend off double teams.

Some Android OEMs lied about applying security updates
Researcher Karsten Nohl said, "We find that there's a gap between patching claims and the actual patches installed on a device". To sum up the findings, vendors such as Google , Sony , Samsung , Wiki on an average missed between 0-1 patches.

Seven, Foxtel pay $1.2bn on cricket rights
However, Nine will not yet exit cricket coverage entirely. "Cricket is no longer a game for all Australians", he said. Seven West said in a statement that contracts are being finalised but have not yet been signed.

Canadians arrested in global investigation into child sex abuse live-streams
Blackadar said the pornographic material was being distributed around the world "using various social networking platforms". The offender was identified as Kenneth Bowman, 34, of Saskatoon who pleaded guilty to a number of child sex abuse charges.

Oklahoma Teachers End Walkout After Winning Raises and Additional Funding
OEA announced that it was tentatively planning a teacher walkout for April 2 if legislators didn't meet those demands . She said numerous "worst offenders (legislators) now face strong opponents we will help elect".

West Bengal rural polls stayed by Calcutta HC; Opposition upbeat
The Panchayat general elections 2018 in 20 districts of West Bengal is scheduled to take place in three phases in May 2018. Elections are to be held to 48,650 gram panchayat seats, 9,217 panchayat samiti seats and 825 zilla parishad seats.

Conor McGregor Was 'Causing Trouble' in Hotel Room After Jail Release
The more serious charge, criminal mischief in the second degree, carries a maximum term of seven years' imprisonment . Of course you f**king can and you can turn it into a s**t-ton of money. "I absolutely think I could beat him".

Browns will sign Jarvis Landry to 5-year, $75.5 million deal
Cleveland has the No. 1 and No. 4 overall picks in the draft later this month and is expected to select a quarterback. The Browns have wasted no time in locking up one of their splashy offseason acquisitions to a long term deal.

Watch Trump Judicial Nominee Squirm When Asked Whether She Opposes Racial Segregation
Richard Blumenthal asked her if she supported the Supreme Court's decision to allow desegregated schools in Brown v. Blumenthal raised the issue with Justice Neil Gorsuch during his confirmation hearing last March.

UK's May to hold unscheduled cabinet meeting on Thursday
Russia, which has been lending support to the Syrian government's campaign against jihadists, is accused of being complicit. German chancellor Angela Merkel indicated she would not join military action against Mr Assad's regime.

Backpage.com pleading guilty to human trafficking charges in Texas
Senate Permanent Subcommittee on Investigations , led a legislative call for the DoJ to investigate Backpage.com in June. Attorney General Jeff Sessions said in a written statement announcing the pleas. "But this illegality stops right now".

Syria Accuses Israel of Striking Military Airport
Last week, Turkish President Recep Tayyip Erdogan welcomed his Iranian and Russian counterparts in Ankara for a summit on Syria . Commenting on the incidents, the European Union called for an worldwide response to the attack.

PUBG Miramar map gets several significant changes to make areas more appealing
As far as the Blue Zone is concerned, the changes also mirror the success of Savage by making gameplay faster across the board. You can now send requests for invitations by clicking the invite button on another player's career screen.

Tesla exits crash probe amid fight with USA investigators
Highway 101 near Mountain View, California, killing Huang and causing an inferno that closed the major highway for hours . Tesla said it is "extremely clear" that Autopilot requires drivers to be alert and have hands on the steering wheel.