IIP rebounds to 13-month high of 3.4%, inflation eases to 8.2%

New Delhi, Jun 12: Some signs of improvement are visible in the economy now, with factory output growth rebounding to 13-month high of 3.4 per cent in April and retail inflation easing to 8.23 per cent in May on account of falling prices of essential food items.

The Index of Industrial Production (IIP) surged in April after contracting for two consecutive months, mainly due to better performance of manufacturing, mining and power sectors and higher output of capital goods.