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Construction orders boosted capital goods growth in October

The growth rate over that in October 2017 was six per cent in primary goods, 16.8 per cent in capital goods

road, road construction, highway

October's double-digit growth in the capital goods sector appears to have been pushed by the demand for construction machinery. The growth rate over that in October 2017 was six per cent in primary goods, 16.8 per cent in capital goods, 1.8 per cent in intermediate goods and 8.7 per cent in infrastructure, according to the Index of Industrial Production (IIP) estimates. However, sectoral officials and experts wonder if this trend will sustain, for various reasons. "The growth to the capital goods segment is coming from machinery. Construction machinery for roads, ...