of Industrial Production (IIP) for the month of May 2006
has increased 10 per cent from the same month in the previous
year, according to quick estimates released by the Central
Statistical Organisation. Industrial growth was 9.5 per
cent in April 2006 and the latest estimate confirms that
there is no letup in growth.
the growth rate is lower than 10.8 per cent reported for
the same month of previous year. This is unlikely to cause
any major concern as the decline is only modest.
the first two months of the current financial year, industrial
output growth is at 9.8 per cent modestly higher
than the 9.5 per cent during the same period of last year.
was the star sector for the month with a growth rate of
11.3 per cent after growing 10.4 per cent in the previous
month. Growth in electricity generation slowed down modestly
during the month to 4.7 per cent from 5.6 per cent for
April, but is substantially lower than 10.5 per cent reported
for May 2005.
output growth also slowed down to 3 per cent from 4.3
per cent during the previous month and 5.2 per cent during
captures the six basic infrastructure sectors like mining,
electricity generation, cement, steel etc covered under
the infrastructure index besides manufacturing.
goods output growth for May was at 20.5 per cent as compared
to 24.9 per cent during the previous month. Output of
basic goods went up by 9 per cent following a 9.1 per
cent growth in April. Production of intermediate goods
jumped to 8.6 per cent from 5.3 per cent in April.
in consumer goods output for the month at 9.1 per cent
bettered the 8.7 per cent growth reported in April. Output
growth of consumer non-durables declined to 5.9 per cent
from 10.6 per cent for the previous month. But this was
more than compensated by an 18.3 per cent surge in durables
output growth, from 8 per cent for April 2006.
various industries, basic metals and alloys sustained
the growth rate with a 21.2 per cent expansion after growing
20.7 per cent during the previous month. Production of
equipment other than transport equipment also grew at
a faster pace of 15.3 per cent following a 11.8 per cent
growth rate in April.
equipment and parts output growth doubled to 26.7 per
cent from 12.7 per cent during the previous month. Paper
products, basic chemicals, beverages & tobacco and
rubber, plastic & petroleum products were the other
sectors, which reported double digit growth for the month.