Factory output as measured by the Index of Industrial Production (IIP) grew a marginal 0.6 percent in February 2013 from the year-ago month. The cumulative growth for the period April-February 2012-13 over the corresponding period of the previous year stands at 0.9 percent.
The growth rates of mining, manufacturing and electricity sectors during the month are respectively (-) 8.1 percent, 2.2 percent and (-) 3.2 percent. The cumulative growth in the three sectors during April-February 2012-13 over the corresponding period of 2011-12 has been (-) 2.5 percent, 1.0 percent and 4.0 percent respectively.
In terms of industries, 13 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of February 2013 as compared to the corresponding month of the previous year.
The industry group ‘Electrical machinery and apparatus’ has shown the highest positive growth of 73.0 percent, followed by 18.5 percent in ‘Wearing apparel; dressing and dyeing of furÂ’ and 12.6 percent in ‘Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather productsÂ’.
As per Use-based classification, the growth rates in February 2013 over February 2012 are (-) 1.8 percent in Basic goods, 9.5 percent in Capital goods and (-) 0.7 percent in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 2.7 percent and 2.9 percent respectively, with the overall growth in Consumer goods being 0.5 percent.
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