IIP for August subdued at 0.6%

Business

oi-Sunil

By Sunil Fernandes

Published: Saturday, October 12, 2013, 10:24 [IST]

The Index for Industrial Production has remained subdued for the month of August, squashing any hopes of sharp recovery in Industrial activity.

The cumulative growth for the period April-August 2013-14 over the corresponding period of the previous year stands at 0.1%.

The growth rates for Industrial Production for the mining, manufacturing and electricity sectors for the month of August 2013 stand at (-) 0.2%, (-) 0.1% and 7.2% as compared to August 2012 .

The cumulative growth in the three sectors during April-August 2013-14 over the corresponding period of 2012-13 has been (-) 3.4%, (-) 0.1% and 4.5% respectively.

In terms of industries, fourteen (14) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of August 2013 as compared to the corresponding month of the previous year.

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