industrial output

Retail inflation declined in March to a five-month low, driven by lower food inflation. industrial output growth peaked in February. Data revealed rural and urban inflation, food index, and pulses prices, with potential heatwave and monsoon impacts on food prices.

China's factory output and retail sales exceeded expectations in 2024, offering relief to policymakers amid ongoing property sector challenges. Premier Li Qiang aims to transform the growth model to address economic concerns.

Robusta coffee prices reach unprecedented heights at Rs 10,080 per 50 kg bag. Small growers benefit, while challenges like labour shortage and wildlife threats persist in major coffee-producing regions like Kodagu, Chikkamagaluru, and Hassan.

Toyota suspends dispatches of Innova Crysta, Fortuner, and Hilux models in India due to irregularities in diesel engine tests. TICO found irregularities in certification tests. TKM temporarily suspends dispatch. Dispatched vehicles will be registered and delivered. No impact on emissions or safety standards.

Italian industrial output fell 0.2% in October, slightly better than expected. On a year-on-year basis, output declined 1.1% in October. The three months to October showed a 0.2% decrease in industrial output compared to the May-to-July period. The largest sectoral increases were seen in pharmaceuticals, transport equipment, and computers and electronics. The steepest declines were registered in the wood, paper and printing industry, textiles, clothing, leather and accessories, and rubber and plastic products. Italian GDP stagnated in Q3 after contracting in Q2.

German industrial production fell for the fifth consecutive month, declining by 0.4% in October. The drop was largely driven by a 6.3% decrease in output in the machinery and equipment sector. Compared to October of the previous year, industrial production was down by 3.5%. The decline in factory output, along with declining exports and industrial orders, indicate that the German economy is struggling to gain fresh growth momentum. Rising energy prices, increased eurozone interest rates, and uncertainty surrounding fiscal stimulus measures have further impacted the economy.

State-run iron ore miner NMDC Ltd on Wednesday said it has clocked a 68% jump in profit after tax (PAT) for the third quarter ended December 31, 2023, at Rs 1,492 crore as compared to Rs 890 crore in Q3 of FY23. This was on 45% rise in turnover to Rs 5,410 crore in Q3FY24 as against Rs 3,720 crore in Q3FY23 as the Navratna public sector enterprise recorded its highest ever production and sales volume of 12.22 metric tonnes and 11.39 MT, respectively, for the quarter, clocking a 15% and 19% growth in production and sales, respectively, over Q3FY23.

India's industrial output growth slowed in September, with the manufacturing sector, consumer durables, and non-durables remaining sluggish. The index of industrial production (IIP) rose 5.8% in September, slower than the previous month's 10.3%. The manufacturing sector grew 4.5% compared to a 2% expansion in the previous year. The capital goods sector slowed to 7.4% growth in September compared to 11.4% growth in the previous year. The consumer durables sector grew 1%, while the consumer non-durables rose 2.7%.

Apple accelerates diversification from China by doubling iPhone production to $14 billion in India. The move aligns with global tech supply chain shifts and marks a significant win for PM Narendra Modi's government.

Retail inflation in India eased to a three-month low in September due to moderating food prices, bringing relief from surging price pressures. The Consumer Price Index (CPI) rose by 5% annually in September, slower than the 6.8% in August and below the Reserve Bank of India's upper tolerance band.

The automotive industry's technological evolution creates e-waste challenges due to lack of recycling processes for hazardous substances. Efforts include OEMs adopting sustainable practices and developing eco-friendly recycling processes for components.