Industrial Growth Registered 2% Growth in June
The quick estimates of Index of Industrial Production (IIP) for the month of June 2019 stood at 130.2, which is 2.0 percent higher as compared to the level in the month of June 2018, according to data released.
The cumulative growth for the period April-June 2019 over the corresponding period of the previous year stands at 3.6 percent.
In terms of industries, eight out of the twenty three industry groups (as per 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of June 2019 as compared to the corresponding month of the previous year.
The industry group ‘Manufacture of basic metals’ has shown the highest positive growth of 17.7 percent followed by 16.5 percent in ‘Manufacture of food products’ and 10.3 percent in ‘Manufacture of tobacco products’.
On the other hand, the industry group ‘Manufacture of paper and paper products’ has shown the highest negative growth of (-) 19.9 percent followed by (-) 14.3 percent in ‘Manufacture of furniture’ and (-) 13.9 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’.
As per Use-based classification, the growth rates in June 2019 over June 2018 are 0.5 percent in Primary goods, (-) 6.5 percent in Capital goods, 12.4 percent in Intermediate goods and (-) 1.8 percent in Infrastructure/ Construction Goods.
The Consumer durables and Consumer non-durables have recorded growth of (-) 5.5 percent and 7.8 percent respectively.