Industry to grow 7.5-8 percent this fiscal: RangarajanOctober 12th, 2009 NEW DELHI - India's industrial recovery is well on track and the manufacturing output would expand by 7.5-8 percent this fiscal, a key economic adviser of the government said here Monday. "I think that the industrial production number clearly indicates that industrial recovery is well on the way," Prime Minister's Economic Advisory Committee Chairman C.
India's industrial output up 10.4 percent in AugustOctober 12th, 2009 NEW DELHI - Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a growth of 10.4 percent in industrial production during August this year - highest in the last 22 months - over the corresponding month last year. The index for industrial production grew 10.4 percent in the month, as per the data released by the Central Statistical Organisation here.
Industrial production up 10.4 percent in August (Second Lead)October 12th, 2009 NEW DELHI - Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a growth of 10.4 percent in industrial production during August this year - highest in the last 22 months - over the corresponding month last year. The index for industrial production (IIP) grew 10.4 percent in the month, as per the data released by the Central Statistical Organisation here.
Summary Box: Industrial production grows more than expected, inflation remains in checkSeptember 16th, 2009 Summary Box: Industrial production rose last monthMORE GROWTH, NO INFLATION: Government data show the nation's factories, mines and utilities boosted production for the second straight month in August, the latest sign of an economic recovery. At the same time, inflation remains in check.
Industrial production rises more-than-expected 0.8 percent in August, fresh sign of recoverySeptember 16th, 2009 Industrial production better than expected in Aug.WASHINGTON — Industrial companies boosted production more than expected in August, making more cars, clothing and other goods in the early stages of a broad economic recovery. The Federal Reserve said Wednesday that output at the nation's factories, mines and utilities rose 0.8 percent in August.
Eurozone unemployment hits 10-year highSeptember 1st, 2009 BERLIN - Unemployment in the 16-member eurozone hit a 10-year high in July, data released Tuesday showed. The European Union's statistics office Eurostat said that another 167,000 people were unemployed in the eurozone during July, pushing the jobless rate up to 9.5 percent from 9.4 percent June.
Japan's industrial production rises for fifth straight month in JulyAugust 31st, 2009 Japan industrial production up 1.9 percent in JulyTOKYO — Japan's factory output rose for the fifth straight month in July and is expected to keep climbing — one of the few encouraging signs for a newly elected government charged with bolstering the world's second largest economy. Industrial production climbed 1.9 percent from the previous month and "continues to show an upward movement," the Ministry of Economy, Trade and Industry said Monday, a day after the opposition Democrats swept to power in a landslide victory in parliamentary elections, unseating the long-governing Liberal Democratic Party.
Europe still in recession, Q2 estimates showAugust 13th, 2009 BRUSSELS - Europe's economy remained stuck in recession, with second quarter figures out Thursday showing gross domestic product (GDP) contracting by 0.3 percent in the European Union and by 0.1 percent in the eurozone on the quarter. The flash estimates by the European statistical office Eurostat dashed hopes of an earlier-than-expected recovery after two of the EU's biggest economies - Germany and France - posted positive GDP figures.
Europe slides further into deflation in JulyJuly 31st, 2009 BERLIN - Inflation in the 16-member eurozone tumbled deeper into negative territory in July, data released Friday showed, presenting the European Central Bank (ECB) with a fresh challenge as it attempts to spur growth in the currency bloc's economy. The European Commission's statistics office Eurostat's preliminary figures showed consumer prices fell more than forecast from minus 0.1 percent in June to minus 0.6 percent this month.
India's industrial production rose 2.7 pct in May, best growth in 8 monthsJuly 10th, 2009 India's industrial production up 2.7 pct in MayMUMBAI, India — India's industrial production rose 2.7 percent in May, the government said Friday, the largest gain since October, fueling hopes that Asia's third-largest economy may be on the road to recovery. The government also revised industrial output growth for April from 1.4 percent to 1.2 percent.
Industrial output up 2.7 percent in MayJuly 10th, 2009 NEW DELHI - India's industrial production registered 2.7 percent growth in May - the highest since September last year - signalling economic recovery, fresh data showed Friday. The index of industrial production (IIP) had expanded by 1.4 percent in April, signalling the early signs of recovery.
India's industrial output for April signals recoveryJune 12th, 2009 NEW DELHI - India's industrial output grew 1.4 percent in April as against a decline of 0.75 percent in March, in what analysts said can be taken as early signs of recovery. Data on index of industrial production (IIP) released by the commerce ministry Friday showed that the growth also came after two successive months of decline and was led mainly by a 7.1 percent increase in electricity generation.
India's industrial production rose 1.4 pct in April after 2 months of declinesJune 12th, 2009 India's industrial production up 1.4 pct in AprilMUMBAI, India — India's industrial production rose 1.4 percent in April, the government said Friday, fueling hopes that Asia's third-largest economy may be on the road to recovery. The government also revised its March data for industrial production, saying it fell 0.75 percent from a year earlier instead of the initially estimated 2.3 percent contraction.
India's industrial production falls 0.5 percent in JanuaryMarch 12th, 2009 NEW DELHI - India's industrial production fell 0.5 percent in January to log a decline for the second month in a row, despite the stimulus packages announced by the government to pump prime the economy in the wake of the global slowdown. The slide, based on the official data on index of industrial production released by the industry ministry Thursday, was on account of a 0.8 percent drop in manufacturing index and a 0.4 percent fall in the index for mining.
India's industrial production falls 2 percent in DecemberFebruary 11th, 2009 NEW DELHI - After a marginal recovery in November, India's industrial production fell 2 percent the next month with no signs of abatement in the impact of the global meltdown on the country's economy. Data on the Index of Industrial Production (IIP) released Thursday also showed that the index for manufacturing, that has the maximum weight, fell 2.5 percent, versus 8.6 percent in the like month of previous fiscal.
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