Industrial output shrinks 0.6%, dashes economy recovery hopes
Capital goods output declined by 0.9 per cent in December, as against a contraction of 16 per cent in same month of 2011.
Capital goods output also contracted in the April-December period by 10.1 per cent, as against a dip of 2.9 per cent in the same period of 2011-12.
Consumer goods output also saw a contraction of 4.2 per cent in December as against a growth in production by 10.1 per cent. In the April-December period of this fiscal, the growth in the segment was 2.6 per cent as compared to 5.7 per cent in the same period of 2011-12.
The dip in the output of consumer durables stood at 8.2 per cent in December, as compared to a growth of 5.1 per cent in the same month of 2011.
The growth in the output of these goods was at 3.7 per cent in April-December 2012, compared to 5.1 per cent in same period previous fiscal.
The consumer non-durables output dipped by 1.4 per cent in December, as against a growth of 13.8 per cent in the same month a year-ago. This segment grew by 1.7 per cent in the nine-month period of this fiscal, as against 6.1 per cent in the same period of 2011-12.
The intermediate goods production also contracted by 0.1 per cent in December, 2012 compared to a decline in output by 1.5 per cent
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