Factory output up after 6 months; retail inflation hits 6-year high

Industrial production, as measured by the index of industrial production (IIP), grew 0.2% in September against a 4.6% decline in the same period last year. However, manufacturing continued to contract. Revised data showed industrial production contracted 19.5% in June and 7.3% in August. Earlier estimates had shown IIP shrinking 8% in August.