IIP data: Factory output rises gradually to 4.5% in September, 2018; all details here
IIP data: Factory output rises gradually to 4.5% in September, 2018; all details here
The Index of Industrial Production (IIP) or factory output rose gradually in the month of September 2018. The CSO presented IIP data for September month, under which the factory output has accelerated to 4.5% compared to previous month of 4.3%, but much lower than the 6.6% recorded in July 2018.
CSO in its press release said, "The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of September 2018 stands at 128.6, which is 4.5% higher as compared to the level in the month of September 2017."
Cumulative growth for the period April-September 2018 over the corresponding period of the previous year stands at 5.1%."
Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2018 stand at 94.6, 131.4 and 162.9 respectively, with the corresponding growth rates of 0.2%, 4.6% and 8.2% as compared to September 2017. Cumulative growth in these three sectors during April-September 2018 over the corresponding period of 2017 has been 3.3%, 5.3% and 6.2% respectively.
In terms of industries, seventeen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of September 2018 as compared to the corresponding month of the previous year.
Industry group ‘Manufacture of furniture’ has shown the highest positive growth of 32.8% followed by 20.9% in ‘Manufacture of wearing apparel’ and 20.6% in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’.
On the other hand, the industry group ‘Printing and reproduction of recorded media’ have shown the highest negative growth of (-) 12.9% followed by (-) 10.7% in ‘Other manufacturing’ and (-) 7.3% in ‘Manufacture of tobacco products’.
As per Use-based classification, the growth rates in September 2018 over September 2017 are 2.6% in Primary goods, 5.8% in Capital goods, 1.4% in Intermediate goods and 9.5% in Infrastructure/ Construction Goods.
Consumer durables and Consumer non-durables have recorded growth of 5.2% and 6.1% respectively.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.