IN­DUS­TRY OUT­PUT GROWTH SOARS

Millennium Post - - FRONT PAGE -

NEW DELHI: In­dus­trial pro­duc­tion grew at a nine-month high of 4.3 per cent in Au­gust, mainly on ac­count of ro­bust per­for­mance of min­ing and power sec­tors cou­pled with higher cap­i­tal goods out­put, of­fi­cial data showed on Thurs­day.

Fac­tory out­put growth mea­sured in terms of In­dex of In­dus­trial Pro­duc­tion (IIP) stood at 4 per cent in Au­gust 2016, as per data re­leased by the Cen­tral Sta­tis­tics Of­fice (CSO).

The pre­vi­ous high in IIP growth was recorded at 5.7 per cent in Novem­ber 2016.

IIP growth dur­ing Apri­lau­gust pe­riod of this fis­cal stood at 2.2 per cent, down from 5.9 per cent in same pe­riod in 2016-17.

Mean­while, the July IIP num­ber was re­vised to 0.94 per cent from 1.2 per cent pro­vi­sional es­ti­mates re­leased last month. The out­put growth in man­u­fac­tur­ing sec­tor, which con­sti­tutes 77.63 per cent of the in­dex, how­ever de­cel­er­ated to 3.1 per cent in Au­gust from 5.5 per cent a year ago.

The out­put of the min­ing and elec­tric­ity sec­tors grew at 9.4 per cent and 8.3 per cent as com­pared to Au­gust 2016.

As per use-based clas­si­fi­ca­tion, the growth rates in Au­gust 2017 over Au­gust 2016 are 7.1 per cent in pri­mary goods, 5.4 per cent in cap­i­tal goods, (-) 0.2 per cent in in­ter­me­di­ate goods and 2.5 per cent in in­fra­struc­ture/ construction goods.

The con­sumer durables and con­sumer non-durables sec­tors recorded growth of 1.6 per cent and 6.9 per cent, re­spec­tively.

In terms of in­dus­tries, 10 out of 23 in­dus­try groups in the man­u­fac­tur­ing sec­tor have shown pos­i­tive growth dur­ing Au­gust 2017.

The in­dus­try group 'Man­u­fac­ture of com­puter, elec­tronic and op­ti­cal prod­ucts' showed the high­est pos­i­tive growth of 24.9 per­cent, fol­lowed by 16.5 per cent in 'phar­ma­ceu­ti­cals, medic­i­nal chem­i­cal and botan­i­cal prod­ucts and 11.1 per cent in 'other trans­port equip­ment .

On the other hand, the in­dus­try group 'Man­u­fac­ture of fur­ni­ture' showed the high­est neg­a­tive growth of (-) 16 per cent, fol­lowed by (-) 15.1 per cent in 'tobacco prod­ucts' and (-) 11.4 per cent in 'Print­ing and re­pro­duc­tion of recorded me­dia'.

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