ADVERTISEMENT

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.
 
NNN
 

(Our News Desk can be contacted at desk@netindian.in)

Did you like this story? Make a donation and help us to serve you better.
ADVERTISEMENT
 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.