Central Statistics Office

Central Statistics Office News

February IIP slips to 20-month low, retail inflation for March inches up

Manufacturing output in Index of Industrial Production (IIP) slipped again into negative territory after a gap of two months, contracting 0.3 per cent in February as against a growth of 8.4 per cent in the year-ago period and 1.0 per cent growth in previous month.

Factory growth hits 9-month high on rising consumption demand

IIP had declined by 2% in year-ago period.

Advertising

Foodgrain output to fall to four-year low on weak monsoon

The lower production is, however, unlikely to have any inflationary impact for two reasons.

GDP growth in Q1 likely at 5.5% on factory, farm output

The optimism in the economy has also been reflected in recent government statements.

GDP growth in FY14 below 5% for fourth straight year, misses estimate

Per capita income has risen only 2.7% in FY14 to R 39,904; investment level down 28.3% of GDP.

Realty looks for a revival

The real estate industry is looking for a stable government, which could take steps to reverse the current slowdown. Experts, however, say that it could take at least a year for recovery to set in the market.

Advertising

Grim, still

Index of industrial production and export data paint a sobering picture. There are no short cuts

Economy likely to grow at 5.6% next year: Citi

Companies would, however, wait for elections before commencing operations.

Worst in 25 years: Growth under 5% two yrs in a row

RBI in its quarterly review last week said the weakening of private consumption and investment demand had dampened prospects of a second-half pick-up in GDP growth.

Worse than you thought: Revised growth figures for ’12-’13 under 5%

High inflation coupled with the economic slowdown also led to a decrease in the rates of growth of gross domestics savings and of gross capital formation.

Advertising