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%).