India's industrial output growth slows down to 0.1% in February, 2019

India's industrial output growth slowed down to 0.1 percent in February, 2019 as compared to the level in the same month of the previous year, official data released here today said.
Industrial output had slowed down to 1.7% in January, 2019 as compared to 2.6% in December, 2018 and 0.5% in November, 2018 after touching a one-year high of 8.1% in October.
An official press release, citing the data, said the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for February,  2019, stood at 127.5.
The cumulative growth for the period April-February, 2018-19, over the corresponding period of the previous year stood at 4.0%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February, 2019, stood at 112.3, 129.3 and 137.7, respectively, with the corresponding growth rates of 2.0%,  (-) 0.3% and 1.2% as compared to February, 2018,
The cumulative growth in these three sectors during April-February, 2018-19 over the corresponding period of 2017-18 has been 3.0%, 3.8% and 5.5%, respectively.
The release said that 10 of the 23 industry groups in the manufacturing sector had shown positive growth during the month of February, 2019, as compared to the corresponding month of the previous year.
The industry group ‘Manufacture of wearing apparel’ showed the highest positive growth of 19.3% followed by 13.8% in ‘Manufacture of food products’ and 8.3% in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’. On the other hand, the industry group ‘Manufacture of machinery and equipment n.e.c.’ showed the highest negative growth of (-) 12.8% followed by (-) 10.7% in ‘Manufacture of fabricated metal products, except machinery and equipment’ and (-) 9.7% in ‘Manufacture of furniture’.
The growth rates in February 2019 over February 2018 were 1.2% in Primary goods, (-) 8.8% in Capital goods, (-) 4.9% in Intermediate goods and 2.4% in Infrastructure/ Construction Goods.
Consumer durables and Consumer non-durables recorded a growth of 1.2% and 4.3%, respectively.

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