Data released by the Central Statistics Office (CSO) showed factory output rose 4.1% in April, higher than the previous month's 2.5% and triggering talks that a recovery was firmly taking roots.
Separate data showed retail inflation inched up to 5% in May from the previous month's 4.87% and will need to be watched in the months ahead as deficient monsoon rains may heighten the risk of inflationary pressures.
The manufacturing sector rose 5.1% in April compared to 3% in the same month last year, while mining remained sluggish with 0.6% growth compared to 1.7% expansion in April 2014. The electricity sector, which has notched up robust growth in the previous month, declined 0.5% in April compared to an expansion of 11.9% in April 2014.
The capital goods sector, a key gauge of economic activity , rose a robust 11.1% in April compared to 13.4% expansion in the year earlier period, while the sluggish consumption sectors showed signs of a revival. The consumer non-durables sector rose 4.4% in April compared to a decline in the year earlier period, while the consumer goods sector expanded 3.1% compared to a decline of 4.8% in April 2014. The consumer durables sector rose 1.3% in April compared a decline of 7.7% in April 2014.
In the manufacturing sector , 16 out of the 22 industry groups showed positive growth in April 2015 compared to the corresponding month of the previous year .The increase in excise duty collection in recent months has also strengthened the view that a recovery in the manufacturing sector is underway
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