Tuesday 25 January 2022
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Industrial output maintains momentum, grows 7.1% in Dec

New Delhi: Industrial output grew by 7.1% in December, maintaining the recovery momentum, on the back of robust performance by manufacturing as well as higher offtake of capital goods and non-durable consumer goods.

The Index of Industrial Production (IIP) had grown at 2.4% in December 2016, as per the data released on Monday by the Central Statistics Office (CSO).

The IIP for November 2017 was revised upwards to 8.8% from provisional estimates of 8.4% released last month.

The IIP in December was mainly on account of the uptick in the manufacturing sector which constitutes 77.63% of the index. It grew by 8.4% during the month as compared to just 0.6% in December 2016.

The capital goods, a barometer of investments, showed a sharp increase in output by 16.4% in December 2017 as against a decline of 6.2% a year ago.

The consumer non-durables, which are mainly fast moving consumer goods, too showed an increase of 16.5% as against the contraction of 0.2%.

As per use-based classification, the rates in December 2017 over December 2016 are 3.7% in Primary goods, 6.2% in Intermediate goods and 6.7% in Infrastructure/Construction Goods.

The Consumer durables have recorded of 0.9% in December 2017.

In terms of industries, 16 out of 23 industry groups in the manufacturing sector have shown positive during December 2017 as compared to the same month year ago.


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