Consumer goods output gets a durable boost, rises sharply in October

This growth seen by the consumer goods was led mainly by the durables market, which rose 17.6%, the highest in 11 months

Consumer goods output in October rose sharply to touch 12.1 per cent, data from the Index of Industrial Production (IIP) released on Wednesday shows. The growth seen by the sector, which includes durables and non-durables products, was second only to capital goods, which rose 16.8 per cent in October.

This growth seen by the consumer goods was led mainly by the durables market, which rose 17.6 per cent, the highest in 11 months. The overall increase in consumer goods output for October was also the sharpest in 11 months, sector experts say, aided in part by a low base. “While the