Industrial production jumps 8.1% in October 2018

21 out of 23 industry groups in the manufacturing sector shows positive growth

India's industrial production (base year 2011-12=100) surged at 11-month high pace of 8.1% in October 2018, compared with 4.5% growth recorded in September 2018. The industrial production growth for September 2018 has been retained unchanged from 4.5% increase reported provisionally.

The output of manufacturing sector has increased 7.9%, while the electricity generation surged at 30-month high pace of 10.8%% in October 2018. Further, the mining output growth also improved 7.0% in October 2018.

As per the use-based classification, primary goods output improved 6.0% in October 2018 over a year ago, while the output of infrastructure/ construction goods improved 8.7% in October 2018. The output of consumer durables surged 17.6%, while that of consumer non-durable durables moved up 7.9% in October 2018. The output of capital goods also zoomed 16.8%, while that of intermediate goods rose 1.8% in October 2018.

In terms of industries, 21 out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of October 2018 as compared to the corresponding month of the previous year.

The industry group manufacture of furniture has shown the highest positive growth of 41.0% followed by 39.0% in manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials and 30.2% in manufacture of computer, electronic and optical products.

On the other hand, the industry group manufacture of paper and paper products have shown the highest negative growth of (-) 1.8% followed by (-) 1.7% in manufacture of beverages.

The cumulative industrial production increased 5.6% in April-October FY2019 compared with 2.5% growth in April-October FY2018. The manufacturing sector growth has improved to 5.7% in April-October FY2019 from 2.0% growth in the corresponding period last year. The electricity generation output growth also improved to 6.8%, while mining output growth accelerated to 3.8% in April-October FY2019.

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