IIP posts second consecutive month of growth; up 2.1%
The factory output in India was up for a second consective month and had increased from last month's growth.
Index of Industrial Production (IIP), or factory output, in India in the month of June rose by 2.1%, Ministry of Statistics & Programme Implementation said.
Central Statistics Office, in a statement, said, "The General Index for the month of June 2016 stands at 183.0, which is 2.1% 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%.”
The data showed that IIP for Mining, Manufacturing and Electricity sectors for the month of June 2016 grew by 4.7%, 0.9% and 8.3% as compared to June 2015. The cumulative growth in these three sectors during April-June 2016 over the corresponding period of 2015 has been 2.3%, (-) 0.7 percent and 9.0%. respectively.
It said, "In terms of industries, eighteen out of the twenty two industry groups in the manufacturing sector have shown positive growth during the month of June 2016 as compared to the corresponding month of the previous 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%), CSO said.