India's factory output rises by 0.7% in September
The factory output, in the month of August stood at 175.3, which was 0.7% lower.
India's industrial growth slows to 5-month low in March; manufacturing sector deceleratesIndia's industrial output rose by 0.7% to 179.5 during the month of September as compared to the level in the month of September last year, said Ministry of Statistics & Programme Implementation.
The cumulative growth for the period April-September 2016 over the corresponding period of the previous year stands at (-) 0.1%.
In terms of industries, twelve out of the twenty two industry groups (as per 2-digit NIC-2004) in the manufacturing sector h ave shown positive growth during the month of September 2016 as compared to the corresponding month of the previous year .
The industry group ‘Other transport equipment’ has shown the highest positive growth of 12.8% followed by 11.1% in ‘Basic metals’ and 10.6% in ‘Radio, TV and communication equipment & apparatus’.
On the other hand, ‘Electrical machinery & apparatus n.e.c.’ has shown the highest negative growth of (-) 49.7% followed by (-) 28.0% in ‘Office, accounting and computing machinery’ and (-) 7.7% in ‘Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products’.
Central Statistics Office, in a statement said, "The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2016 stand at 115.6, 188.6 and 200.4 respectively, with the corresponding growth rates of (-) 3.1%, 0.9% and 2.4% as compared to September 2015 (Statement I). The cumulative growth in these three sectors during April-September 2016 over the corresponding period of 2015 has been 0.0%, (-) 0.8% and 5.1% respectively".
source: tradingeconomics.com
The factory output, in the month of August stood at 175.3, which was 0.7% lower as compared to the level in the month of August 2015.
For the month of July, the factory output had declined by 2.4%, after two consecutive months of growth, i.e. in May and June. The General Index for July stood at 176.1. The cumulative growth for the period of April-July 2016 was over the corresponding period of the previous year stood at (-)0.2%.
