Factory output growth hits 17-month high of 8.4% in November

The Nikkei India manufacturing Purchasing Managers’ Index rose at the fastest rate in five years in December to 54.7 from 52.6 in the previous month

Factory output growth hits 17-month high of 8.4% in November

The cumulative growth for the period April-November 2017 over the corresponding period of the previous year stands at 3.2 per cent.

Food costs edged up 0.2 percent in December and have increased a modest 1.6 percent over the past year. "The uptick in the CPI inflation to a 17-month high in December 2017 validates the caution displayed by the Monetary Policy Committee (MPC) in its recent reviews", said Aditi Nayar, principal economist of Icra.

Food prices rose by only 0.1% in December. December figures are due January 29. This followed a 0.4% November increase. Consumer non-durables, which are mainly fast moving consumer goods00, showed an output growth of 23.1 per cent as against 3.3 per cent in November 2016.

Jessica Falkholt still critical one day after life support is turned off
The issue of whether Mr Whitall was on methadone or other drugs at the time of the crash will be part of the coronial investigation.

Separately, the Commerce Department said retail sales rose 0.4 per cent last month.

In a separate report Friday, the Commerce Department said a holiday season jump in online shopping sent U.S. retail sales higher in December. Output of "infrastructure or construction goods" increased by 13.5 per cent and that of capital goods by 9.4 per cent. Consumer spending, which accounts for more than two-thirds of United States economic activity, increased at a 2.2 per cent annualised rate in the third quarter.

He said the biggest positive was the revision to the November retail data, which suggests that fourth-quarter economic growth may have been stronger than previously thought. "These are also corroborated by other indicators such as the strong performance of the commercial vehicles sector and the pick in the growth rate of bank credit", CII Director General Chandrajit Banerjee said.

Trois soldats français blessés dans un attentat dont un grièvement — Mali
Cet attentat intervient à la date anniversaire du déclenchement de l'opération Serval, initiée il y a cinq ans (le 11 janvier 2013).

"And, with inflation expected to continue to taper up all the way until the middle of the year, we do not expect any kind of changes in the policy rate until the end of the year", says Tirthankar Patnaik, India Strategist at Mizuho Bank. This brought its year-over-year increase to 1.8 percent.

The December inflation data is due to be released on Friday, January 12 at 1200 GMT.

Macroeconomic Advisers estimated a 2.7% annual growth rate for gross domestic product in the final three months of 2017, up from its 2.3% estimate as of Thursday.

Merkel's conservatives and Social Democrats pledge to work closely with France
Opinion polls suggest most Germans are less than enthusiastic about a GroKo, with a Focus magazine survey giving it just 30 percent support.

For the full year, CPI rose 2.1%, the same as 2016, while core CPI slowed, posting a 1.8% increase after the 2.2% gain in the previous year. Moreover, stronger inflation numbers should give the Federal Reserve confidence to raise interest rates this year at a steady clip, which can also be bearish for bonds.

Latest News