Industrial output slows to 2.2% in October

news
12 December 2017

India's industrial production based on the index of industrial production (IIP) expanded at a slow pace of 2.2 per cent in October this year on the back of subdued growth in mining, manufacturing and electricity sectors.

The index of industrial production had expanded 4.14 per cent in September and 4.2 per cent in October 2016.

The general index of industrial production for October 2017 increased by 2.2 per cent compared to the level in October 2016 while cumulative growth for the period April-October 2017 over the corresponding period of the previous year stands at 2.5 per cent, quick estimates of the index production released by the Central Statistics Office (CSO) showed.

Production in the mining, manufacturing and electricity sectors recorded growth rates of 0.2 per cent, 2.5 per cent and 3.2 per cent, respectively in October 2017. Cumulative growth in the three sectors during April-October 2017 stood at 3.4 per cent, 2.1 per cent and 5.3 per cent, respectively.

Ten out of the 22 industry groups in the manufacturing sector have shown positive growth during October 2017 compared to the corresponding month of the previous year. The industry group 'manufacture of pharmaceuticals, medicinal chemical and botanical products' has shown the highest growth of 23.0 per cent, followed by 'manufacture of motor vehicles, trailers and semi-trailers' (12.8 per cent) and 'manufacture of computer, electronic and optical products' (9.7 per cent).

On the other hand, the industry group 'other manufacturing' has shown the highest negative growth of (-) 36.4 per cent, followed by 'manufacture of tobacco products' (- 20.9 per cent) and 'manufacture of rubber and plastic products' (- 16.1 per cent).

Primary goods production increased by 2.5 per cent in October 2017 while capital goods production increased by 0.68 per cent and production of intermediate goods increased by 0.2 per cent and in production of infrastructure/ construction goods increased by 5.2 per cent.

Production of consumer durables and consumer non-durables recorded growth rates of (-) 6.9 per cent and 7.7 per cent respectively.





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