IIP Grows At 2% In June

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of June 2019 stands at 130.2, which is 2.0% higher as compared to the level in the month of June 2018. The cumulative growth for the period April-June 2019 over the corresponding period of the previous year stands at 3.6%.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2019 stand at 106.6, 130.1 and 173.0 respectively, with the corresponding growth rates of 1.6%, 1.2% and 8.2% as compared to June 2018. The cumulative growth in these three sectors during April-June 2019 over the corresponding period of 2018 has been 3.0%, 3.1% and 7.2% respectively. In terms of industries, eight out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of June 2019 as compared to the corresponding month of the previous year.

As per Use-based classification, the growth rates in June 2019 over June 2018 are 0.5% in Primary goods, (-) 6.5% in Capital goods, 12.4% in Intermediate goods and (-) 1.8% in Infrastructure/ Construction Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 5.5% and 7.8% respectively.

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