On the other hand, the cumulative growth in these three sectors during April - January 2017-18 over the corresponding period of 2016 - 17 has been 2.5 percent, 4.3 percent and 5.3 percent respectively.
The Labor Department said the indexes for household furnishings and operations, education, personal care, and airline fares also increased in February.
Meanwhile, Economic Affairs Secretary Subhash Chandra Garg opined that given the increase in IIP numbers, industrial growth would henceforth be 'strong and comprehensive now.' 'Consumer Price Index-based inflation moderates further in February.
Retail inflation still remained above the 4 per cent medium-term target of the Reserve Bank of India (RBI), strengthening views that it will hold rates steady at its April meeting rather than raise them.
JPMorgan said that softening of inflation was nearly entirely underpinned by food prices.
The Index of Industrial Production (IIP) had grown at 7.1 per cent in December 2017. It grew by 8.7 per cent during the month as compared to 2.5 per cent in January 2017, showing signs of recovery in the economy.
During January, 16 out of 23 industry groups in the manufacturing sector showed positive growth.
Consumer prices south of the border rose 0.2% in February, in line with expectations and likely alleviating concerns that inflation is about to accelerate, according to the Labor Department. That lowered the year-on-year increase in average hourly earnings to 2.6 percent from 2.8 percent in January. Primary goods saw growth accelerating to 5.8% in January from 3.73% in December. The chart is based on autoregressive analysis of monthly Consumer Price Index data, which was obtained from the National Bureau of Statistics (NBS). A weakening dollar and fiscal stimulus in the form of a $1.5 trillion tax cut package and increased government spending are also seen spurring inflation.
"Tame core goods prices continue to keep inflation at bay, a reflection of the remaining global economic slack offsetting a tightening USA economy", he said.
Furthermore, while the S&P lags its all-time high by 3.3 percent, the small cap and domestic focused Russell 2000 trails its by only 1.4 percent.
YouTube is getting a dark theme for iOS and Android today
YouTube tested the setting on desktop during the first few months of 2017 before rolling out its new desktop design in August. YouTube reportedly said Android users will be receiving the feature "soon" but did not specify an exact release date.
Dog Dies After Airline Worker Has It Placed In Overhead Bin
In-cabin pets must travel in approved kennels that can fit completely under the seat, where the kennel must remain at all times. United issued a statement calling it a "tragic accident" and that "pets should never be placed in the overhead bin".
NCAA Tournament 2018: UCLA vs St
The Bruins should win this game, and then move to the first round, where they will have a chance against the Florida Gators. The guard is averaging a career-high 3.6 turnovers per game, which is also somewhat a result of increased minutes.
Supreme Court bars foreign firms from practicing law in India
The bench of Justices Adarsh Kumar Goel and UU Lalit directed the Centre and the Bar Council of India to frame rules on this. Foreign firms, companies and law firms can not practice legal profession in India, the Supreme Court said on Tuesday.