Double delight: Industrial output up, price rise slows

Industrial output growth gathered strength in September and retail inflation cooled to a fresh record low in October providing some signs of an economic revival and bolstering the case for an interest rate cut.

Data released by the Central Statistics Office (CSO) on Wednesday showed industrial output grew a better-than-expected 2.5% year-on-year in September, the fastest in the past three months led by a spurt in the capital goods segment. In August, industrial output rose an annual 0.5%.