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In worrying trends for the government, factory output growth slowed in September while retail inflation jumped up in October.
Official data released on Thursday showed the Index of Industrial Production grew 3.6 per cent in September against a near-three-year high of 6.2 per cent in August; low growth in mining and manufacturing sectors pulled down the IIP. But it was better than the 2.6 per cent recorded in September 2014. The manufacturing sector, which has a 75 per cent weight in the IIP, posted 2.6 per cent growth in September 2015 (versus 6.6 per cent in August), while mining grew 3 per cent (3.8 per cent). The sharpest growth was in electricity production at 11.4 per cent (5.6 per cent). For 2015-16 first half, the IIP grew a robust 4 per cent against 2.9 per cent in April-September 2014.
Pulses effect The Consumer Price Index (CPI)-based inflation continued to rise for the third month and hit 5 per cent in October. Retail food inflation surged to 5.25 per cent from 3.88 per cent in September. Retail prices of pulses jumped up 42.20 per cent last month.
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