Industrial activity picks-up; August IIP at 2.7%

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Industrial activity picks-up; August IIP at 2.7%
The August IIP has come in at 2.7%, suggesting an uptick in industrial activity. While, July IIP data has been revised to -0.2% from 0.1 (provisional).

The cumulative growth for the period April-August 2012-13 over the corresponding period of the previous year stands at 0.4%.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2012 stood at 117.3, 176.6 and 152.2 respectively, with the corresponding growth rates of 2.0%, 2.9% and 1.9% as compared to August 2011.

The growth rates in August 2012 over August 2011 are 2.8% in Basic goods, -1.7 in Capital goods and 1.9% in Intermediate goods.

The Consumer durables and Consumer non-durables have recorded growth of 4.0% and 5.8% respectively, with the overall growth in Consumer goods being 5.0% .

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