Sixteen out of 23 industry groups in the manufacturing sector shows positive growthIndia's industrial production (base year 2011-12=100) increased at moderated pace of 4.3% in August 2018, compared with 6.5% growth recorded in July 2018. The industrial production growth for July 2018 has been revised marginally downwards from 6.6% increase reported provisionally.
The output growth for manufacturing sector has eased to 4.6%, while the mining output growth has declined 0.4% in August 2018. However, the electricity generation output increased at improved pace of 7.6% in August 2018.
As per the use-based classification, primary goods output rose 2.6% in August 2018 over a year ago, while the output of Infrastructure/ construction goods improved 7.8% in August 2018. The output of consumer durables increased 5.2%, while that of consumer non-durable durables moved up 6.3% in August 2018. The output of capital goods also increased 5% and intermediate goods rose 2.4% in August 2018.
In terms of industries, sixteen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of August 2018 as compared to the corresponding month of the previous year.
The industry group furniture has shown the highest positive growth of 29.2% followed by 18.9% in wearing apparel and 12.7% in wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials.
On the other hand, the industry group printing and reproduction of recorded media have shown the highest negative growth of (-) 19.2% followed by (-) 17.0% in tobacco products and (-) 7.3% in computer, electronic and optical products.
The cumulative industrial production increased 5.2% in April-August FY2019 compared with 2.3% growth in April-August FY2018. The manufacturing sector growth has improved to 5.3% in April-August FY2019 from 1.7% growth in the corresponding period last year. The mining output growth also improved to 3.9%, while electricity generation output increased 5.8% in April-August FY2019.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)