Home / Economy / News / Manufacturing output in IIP still shows weakness as headline numbers grow

Manufacturing output in IIP still shows weakness as headline numbers grow

One reason for decline is muted domestic demand, particularly in rural areas due to high inflation

Premium

Photo: Bloomberg

3 min read Last Updated : Mar 13 2023 | 11:55 PM IST

While the headline numbers in the industrial output gathered momentum in January, manufacturing continues to be weak if one goes into detail.

The index of industrial production (IIP) increased to 5.2 per cent in January from the revised 4.7 per cent in the previous month year-on-year. Provisional numbers had put the IIP growth figures at 4.3 per cent.

Within IIP, manufacturing also rose to 3.7 per cent from the revised 3.1 per cent year-on-year over this period. The provisional numbers had shown that manufacturing grew by 2.6 per cent in December. If provisional numbers of January are compared with provisional

Topics : Inflation Index of Industrial Production manufacturing IIP economy IIP growth

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in