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IIP: Industrial Output Growth In February Slumps To A 20-Month Low

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India's industrial output growth in the month of February was flat at 0.1 percent on account of slowdown in the manufacturing sector, as per official data released on Friday. This marks the slowest growth in 20 months. In January, it grew at 1.7 percent.

 

"The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2019stands at 127.5, which is 0.1 percent higher as compared to the level in the month of February 2018," the data released by Central Statistics Office (CSO) said.

IIP: Industrial Output Growth In February Slumps To A 20-Month Low

It further said that during April-February 2018-19, the cumulative industrial output grew at 4 percent as against 4.3 percent in the same period of the previous fiscal.

The Indices of Industrial Production for the mining, manufacturing and electricity sectors for the month of February 2019 stand at 112.3, 129.3 and 137.7 respectively, with the corresponding growth rates of 2.0 percent, (-) 0.3 percent and 1.2 percent as compared to February 2018. The cumulative growth in these three sectors during April-February 2018-19 over the corresponding period of 2017-18 has been 3.0 percent, 3.8 percent, and 5.5 percent respectively.

 

In terms of industries, ten out of the twenty-three industry groups in the manufacturing sector have shown positive growth during the month of February 2019 as compared to the corresponding month of the previous year.

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