INDIA'S INDUSTRIAL OUTPUT GROWS 4.1% IN FEBRUARY
Date: 12/04/2012
India's index of industrial output (IIP), the key measure of industrial output, grew at 4.1 per cent in February 2012. The IIP number for January 2012, earlier reported at 6.8 per cent, was revised significantly downward to 1.1 per cent. The cumulative growth for the period April-February 2011-12 stands at 3.5% over the corresponding period of the previous year.
Data showed that manufacturing which accounts for about 76 per cent of industrial output , grew at 4.0 per cent and electricity at 8.0 per cent over the corresponding period in the previous year. Mining registered 2.1 per cent growth.
Capital goods, which are equipment used in manufacturing, recorded growth of 10.6 per cent while consumer goods fell 0.2 per cent. Within the consumer goods segment, durables fell 6.7 per cent from the corresponding period last year, suggesting a large drop in demand. Consumer non-durables grew 5.1 per cent.
India's core sector which contributes almost 38 percent to industrial production, grew by a sharp 6.8 percent in February from a year earlier, much higher than January's on-year increase of 0.7 percent. The core sector comprises the key infrastructure industries of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
Powered by Commodity InsightsData showed that manufacturing which accounts for about 76 per cent of industrial output , grew at 4.0 per cent and electricity at 8.0 per cent over the corresponding period in the previous year. Mining registered 2.1 per cent growth.
Capital goods, which are equipment used in manufacturing, recorded growth of 10.6 per cent while consumer goods fell 0.2 per cent. Within the consumer goods segment, durables fell 6.7 per cent from the corresponding period last year, suggesting a large drop in demand. Consumer non-durables grew 5.1 per cent.
India's core sector which contributes almost 38 percent to industrial production, grew by a sharp 6.8 percent in February from a year earlier, much higher than January's on-year increase of 0.7 percent. The core sector comprises the key infrastructure industries of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.
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