The India's Industrial Production (IIP) or factory output finally saw some revival in December 2018, by recording growth of 2.4%. This month's IIP stands at 133.7. This is higher compared to 0.3% growth witnessed in November 2018 and 8.4% in October 2018. Cumulatively  for the period April- December 2018, the IIP growth rate comes at 4.6% over the corresponding period of the previous year.

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Indices of IIP for the Mining, Manufacturing and Electricity sectors for the month of December 2018 stood at 114.4, 135.5 and 150.3 respectively, with the corresponding growth rates of (-) 1.0%, 2.7% and 4.4% as compared to December 2017. The cumulative growth in these three sectors during April-December 2018 over the corresponding period of 2017 has been 3.1%, 4.7% and 6.4% respectively.

In terms of industries, thirteen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of December 2018 on yearly basis.

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Under manufacturing sector - industry group tobacco products have shown the highest positive growth of 27.9% followed by 17.9% in  other transport equipment’ and 16.5% in wearing apparel.  On the other hand, furniture segment has shown the highest negative growth of (-) 18.7% followed by (-) 16.4% in other manufacturing and (-) 5.4 in coke and refined petroleum products’.

As per Use-based classification, the growth rates in December 2018 over December 2017 are (-) 1.2% in Primary goods, 5.9% in Capital goods, (-) 1.5% in Intermediate goods and 10.1% in Infrastructure/ Construction Goods.

Consumer durables and Consumer non-durables have recorded growth of 2.9% and 5.3% respectively.