Index Of Industrial Production Slides 0.3% In December

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of December 2019 stood at 133.5, which is 0.3 percent lower as compared to the level in the month of December 2018. The cumulative growth for the period April-December 2019 over the corresponding period of the previous year stands at 0.5 percent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2019 stand at 120.6, 134.2 and 150.2 respectively, with the corresponding growth rates of 5.4 percent, (-) 1.2 percent and (-) 0.1 percent as compared to December 2018. The cumulative growth in these three sectors during April-December 2019 over the corresponding period of 2018 has been 0.6 percent, 0.5 percent and 0.8 percent respectively.

In terms of industries, sixteen out of the twenty three industry groups in the manufacturing sector have shown negative growth during the month of December 2019 as compared to the corresponding month of the previous year.

As per Use-based classification, the growth rates in December 2019 over December 2018 are 2.2 percent in Primary goods, (-) 18.2 percent in Capital goods, 12.5 percent in Intermediate goods and (-) 2.6 percent in Infrastructure/ Construction Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 6.7 percent and (-) 3.7 percent respectively.

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