1. Industrial production expands 2.1% in June versus 1.1% in May

Industrial production expands 2.1% in June versus 1.1% in May

The Index of Industrial Production (IIP) for the month of June rose to 2.10% versus 1.1% MoM. The general index stands at 183.0, which is 2.1 per cent higher as compared to the level in the month of June 2015

By: | New Delhi | Updated: August 12, 2016 5:57 PM
The Index of Industrial Production (IIP) for the month of June rose to 2.10% versus 1.1% MoM. The general index stands at 183.0, which is 2.1 per cent higher as compared to the level in the month of June 2015 (Reuters) The Index of Industrial Production (IIP) for the month of June rose to 2.10% versus 1.1% MoM. The general index stands at 183.0, which is 2.1 per cent higher as compared to the level in the month of June 2015 (Reuters)

The Index of Industrial Production (IIP) for the month of June rose to 2.10% versus 1.1% MoM. The general index stands at 183.0, which is 2.1 per cent higher as compared to the level in the month of June 2015. The cumulative growth for the period April-June 2016 over the corresponding period of the previous year stands at 0.6%, according to the Central Statistics Office. Outputs in mining, manufacturing and electricity sectors exhibited growth rates of 4.7%, 0.9% and 8.3% respectively. The cumulative growth in these three sectors during April-June 2016 over the corresponding period of 2015 has been 2.3 per cent, (-) 0.7 per cent and 9.0 per cent respectively.

In terms of industries, eighteen out of the twenty two industry groups in the manufacturing sector have shown positive growth in June, compared to last year. Some important items that have registered high positive growth include ‘Lubricating oil’ (62.2%), ‘Woollen Carpets’ (38.9%), ‘Scooters and Mopeds’ (31.5%), ‘Ethylene’ (30.1%), ‘Steel structures’ (27.7%) and ‘Telephone instruments including mobile phone and accessories’ (25.3%). While the basic goods output saw a growth rate of 5.9%, that of capital goods contracted, with data coming in at (-) 16.5%. intermediate goods grew at 6.1%. The consumer durables and consumer non-durables have recorded growth of 5.6 per cent and 1.0 per cent respectively, with the overall growth in consumer goods being 2.8 per cent.

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