Industrial output grows 4.3 per cent MoM in July

Industrial output grows 4.3 per cent MoM in July

New Delhi, Sep 12: India's industrial output grew 4.3 per cent Month on Month in July, according to the Index of Industrial Production (IIP) data released by the government on Thursday.

The Quick Estimates of Index of Industrial Production with base 2011-12 for the month of July 2019 stood at 131.1, which is 4.3 percent higher as compared to the level in the same month last year.

The cumulative growth for the period April-July 2019 over the corresponding period of the previous year stood at 3.3 per cent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for July 2019 stand at 100.2, 132.9 and 169.7 respectively, with the corresponding growth rates of 4.9 per cent, 4.2 per cent and 4.8 per cent as compared to July 2018.

In terms of industries, 13 out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of July 2019 as compared to the corresponding month of the previous year.

The industry group ‘Manufacture of food products’ has shown the highest positive growth of 23.4 per cent followed by 17.3 per cent in ‘Manufacture of basic metals’ and 15.0 per cent in the‘Manufacture of wearing apparel’.

On the other hand, the industry group ‘Manufacture of paper and paper products’ has shown the highest negative growth of (-) 15.4 per cent followed by (-) 13.3 per cent in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and (-) 10.9 per cent in ‘Printing and reproduction of recorded media’.

As per Use-based classification, the growth rates in July 2019 over July 2018 are 3.5 per cent in Primary goods, (-) 7.1 per cent in Capital goods, 13.9 percent in Intermediate goods and 2.1 per cent in Infrastructure/ Construction Goods.

The Consumer durables and Consumer non-durables have recorded growth of (-) 2.7 per cent and 8.3 per cent respectively, according to statement issued by the Ministry of Statistics and Programme Implementation. (UNI)