Backed by manufacturing uptick, India's Oct industrial output up 3.5%

This is the second month in a row of IIP growth, after the index contracted by 0.1 per cent in August. In September, the industrial output had rebounded by 3.1 per cent.

The combined index of eight core industries rose by 3.1 per cent in October compared to 2 per cent growth in September. The core sector growth in these two months came after a contraction of 1.6 per cent in August, which had marked the first decline in 42 months.

The manufacturing sector saw a growth of 4.1 per cent in October compared to 3.9 per cent in the preceding month, an official release said.

The output of consumer durable goods rose by 5.9 per cent in October—lower compared to 6.5 per cent in September.

However, the output of primary goods accelerated by 2.6 per cent in the month compared to 1.8 per cent in the preceding month.

Similarly, the production of capital goods increased by 3.1 per cent in October from 2.8 per cent in September.

ALCHEMPro News Desk (DS)