Industrial production for November slumps to -0.1 percent

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Industrial production for November slumps to -0.1 percent
Industrial production for November recorded a negative growth, with the Index for Industrial Production figure at -0.1 per cent over the corresponding period of the previous month.

The index is a composite indicator that measures the short term changes in the volume of industrial production.

According to the index, the industrial growth for the month of November 2012 over the corresponding month of the previous year is (-) 0.1%.

The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are (-) 5.5%, 0.3% and 2.4% respectively.

As per "use-based" classification there have been positive growths in basic goods (1.7%), consumer durables (1.9%) and consumer non-durables (0.3%), whereas negative growths have been registered in capital goods [(-) 7.7%] and intermediate goods [(-) 1.1%].

Read more about: iip
Story first published: Friday, January 11, 2013, 11:11 [IST]
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