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India's industrial production rebounds 1.8% in November 2019

Capital Market 

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

India's industrial production (base year 2011-12=100) rebounded 1.8% in November 2019, while snapping consistent decline for last three straight tmonths. As per the revised data for industrial production of October 2019, the pace of decline in industrial production is raised to 4.0% compared with 3.8% reported provisionally.

The manufacturing sector output improved 2.7%, while the mining sector production also increased 1.7% in November 2019 contributing to the overall increase in industrial production. However, the electricity generation continued to decline for fourth straight month at 5.0% in November 2019.

As per the use-based classification, the output of capital goods continued to decline for eleventh straight month at 8.6% in November 2019, while the output of infrastructure/ construction goods growth also declined 3.5% in November 2019. The primary goods production also declined 0.3% in November 2019. Within the consumer durables, the output of consumer durables declined 1.5%, whiile that of consumer non-durables improved 2.0% in November 2019. The output of intermediate goods increased 17.1% in November 2019.

In terms of industries, 13 out of 23 industry groups in the manufacturing sector have shown positive growth during the month of November 2019 as compared to the corresponding month of the previous year.

The industry group wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials has shown the highest positive growth of 23.2% followed by 12.9% in manufacture of basic metals. On the other hand, the industry group other manufacturing has shown the highest negative growth of (-) 13.5% followed by (-) 12.6% in motor vehicles, trailers and semi-trailers.

The cumulative industrial production rose 0.7% in April-November FY2020 compared with 5.0% growth in April-November FY2019. The manufacturing sector growth eased to 0.8% in April-November FY2020 from 5.0% growth in the corresponding period last year. The mining output declined 0.1%, while electricity generation output growth decelerated to 0.8% in April-November FY2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 10 2020. 18:09 IST