The general index of industrial production (IIP) for the month of September rose to 4.5 percent compared to the August's 4.3 percent.

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The indices of industrial production for the mining, manufacturing and electricity sectors for the month of September 2018 stood at 0.2 percent, 4.6 percent and 8.2 percent, respectively.

source: tradingeconomics.com

A poll conducted by CNBC-TV18 showed that the IIP for September 2018 is expected to be in the range of 3.6 percent and 5 percent, indicating that the factory output softened on a monthly basis.

The core data for September, which is 40 percent of the Index of Industrial Production (IIP), had softened to 4.3 percent versus 4.7 percent. Coal, steel, cement, fertilisers and refinery products grew at a slower pace.

In automobile sector, passenger vehicle sales fell 5.6 percent in September, down for the third consecutive month while commercial vehicles sales were up 24 percent to 95,867 units sold, the analysts said.

Nikkei manufacturing PMI rose to 52.2 in September compared to 51.7 in August 2018. This is the 15th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

First Published:Nov 12, 2018 5:34 PM IST