labels: industry - general, economy - general
Industrial production growth slows to 11.4 per cent in December 2006news
13 February 2007

Mumbai: The growth of industrial production in the country slowed down to 11.1 per cent during December 2006 from a peak 14.4 per cent the previous month, as manufacturing growth cooled to 11.9 per cent from 15.7 per cent in November 2006.

For the April-December 2006-07 period, the index of industrial production (IIP) went up to 239 from 215.7, showing a growth of 10.8 per cent over 8 per cent in the corresponding period of the previous year.

However, on a year-on-year basis, the 11.1 per cent growth in of industrial production was markedly above the 5.7 per cent growth recorded in the year-ago period.

Manufacturing growth for December was also considerably higher at 11.9 per cent compared to 6.4 per cent a year-ago.

Growth in electricity generation came closer to the double-digit figure, registering a growth of 9.3 per cent in December against 3.4 per cent in the year-ago period. Even on sequential basis, it showed an improvement from 8.7 per cent in November 2006.

Growth in the mining sector, which peaked to seven per cent in November, retracted to 3.8 per cent in December. But, on a year-on-year basis, it was way above from a negative 0.1 per cent in the previous year period.

Basic goods recorded a year-on-year growth of 11.7 per cent, capital goods 20.2 per cent and intermediate goods 11.2 per cent in December.

Overall, consumer goods recorded a 7.4 per cent growth with consumer durables and non-durables industries recording growth rates of 3.3 per cent and 8.7 per cent, respectively.

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Industrial production growth slows to 11.4 per cent in December 2006