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July 2016 IIP growth stands at (-) 2.4%

July 2016 IIP growth stands at (-) 2.4%


Growth in industry output, as measured in terms of IIP, for the month of July 2016 is estimated at (-) 2.4% as compared to 1.9% in June 2016. The growth in the three sectors mining, manufacturing and electricity in July 2016 stands at 0.8%, (-) 3.4% and 1.6% respectively as compared to June 2016 stands at 5.2% 0.7% and 8.2% respectively. Capital goods growth stands at (-) 29.6% in July 2016 as against (-) 16.3% during June 2016.

        Recent growth pattern in IIP                                                                                                                         (% growth)

Weight in IIP
April-July 2015-16
April-July 2016-17
Jun-16
July-16
Mining
14.1
0.6
2.0
5.2
0.8
Manufacturing
75.5
4.0
-1.4
0.7
-3.4
Electricity
10.3
2.6
7.1
8.2
1.6
Use based classification

Basic goods
45.6
4.9
4.1
5.7
2.0
Capital goods
8.8
4.2
-21.3
-16.3
-29.6
Intermediate goods
15.6
1.7
3.8
5.6
3.4
Consumer Goods

Consumer goods
29.8
2.2
0.7
2.7
1.3
a) Consumer durables
8.4
5.3
7.3
5.5
5.9
b) Consumer non-durables
21.3
0.1
-3.6
0.8
-1.7
Overall IIP
100
3.5
-0.2
1.9
-2.4
          Source: PHD Research Bureau, compiled from CSO

Some important items showing high negative growth during the current month over the same month in previous year include Cable, Rubber Insulated (-) 91.1%, ‘Marble Tiles/ Slabs (-) 62.3%, H R Sheets (-) 59.2%, ‘Sugar Machinery’ (-) 52.7%, ‘Sealed Compressors’ (-) 33.3% and Rice (-) 24.0%.

Some important items that have registered high positive growth include Air Conditioner (Room) (102.8%), ‘Wood Furniture (74.1%), Instant Food Mixes (Ready to eat) (65.3%), Colour TV Sets (28.9%), Purified Terephthalic acid (27.1%), Antibiotics & It’s Preparations (26.9%) and Terry Towel (21.9%).

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