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This Article is From Apr 10, 2015

Factory Output Growth Surges to 5% in February

The data beat expectations. A Reuters poll of 17 economists forecast industrial production (IIP) growth at 2.4 per cent in February.

Factory Output Growth Surges to 5% in February

Factory growth in February accelerated to 5 per cent in February in comparison to 2.6 per cent in January, government data showed on Friday.

The data beat expectations. A Reuters poll of 17 economists forecast industrial production (IIP) growth at 2.4 per cent in February.

The February numbers were buoyed by an 8.8 per cent surge in capital goods production and consumer non-durables growth of 10.7 per cent.

The cumulative growth for the period April-February 2014-15 over the corresponding period of the previous year stands at 2.8 per cent.

(With Reuters inputs)

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