New Delhi, Dec 13 (KNN) The industrial output hit a three month low along with inflation rocketing to a 15 month high figure, data released by the Ministry of Statistics and Programme implementation revealed, ringing bells for the different sector of the economy.

According to the data released, The Index of Industrial Production (IIP), continued to see a negative trend and fell to a three-month low of 2.2 per cent on annual basis in October.

The main reason according to the data included subdued performance of mining and manufacturing sectors coupled with a contraction in output of consumer durable. The same data last year registered a positive trend of 4.2 per cent.

Dissecting the data further, it is for the second consecutive month that the figure stood at contraction.

Considering the average from April-October, 2017 period, the Index of Industrial Production (IIP) stands just at 2.5 percent as compared with 5.5 percent in the corresponding period in previous year.

Sectors including mining, manufacturing and consumer goods, the figures indicate that the positive figure is far from arriving.

With regard to The CPI-based retail inflation, the data revealed that it jumped to 4.88 per cent in November on annual basis, as compared to 3.58 per cent in the preceding month.

The alarming figures come in the aftermath of the slowed GDP figures earlier this year followed by some signs of recovery, with the trend continuing, things are not in the best shape for the economy, experts worry.

Talking to KNN, V.K Agarwal Past President of Federation of Indian Micro and Small & Medium Enterprises (FISME) said that the new data speaks of the turbulent times that the country's economy is facing.

He further said that with negative pattern emerging out of the data, it is high time for the government to start figuring out a roadmap by infra related projects to help bring the economy back on track.

Commenting over the latest data, Industry body ASSOCHAM said that manufacturing activity had slowed in October as inflows of new orders stood stagnated.

The main reason for the same is being seen to be the negative effects from the implementation of Goods and Services Tax(GST), it further added. (With PIB Inputs) (KNN/DA)