India's industrial production grew by 2.7% for the month of August 2012 over the corresponding month of the previous year, the Government said on Friday.
Data compiled by the Central Statistics Office (CSO) shows that industrial production in August last year expanded by 3.4%.
The monthly growth rates of the three sectors that constitute the Index of Industrial Production (IIP) - Mining, Manufacturing and Electricity - for the month stood at 2.0%, 2.9% and 1.9%, respectively.
As per “use-based” classification, there has been a negative growth in Capital Goods at (-)1.7% whereas positive growth has been achieved in Basic Goods (2.8%), Intermediate Goods (1.9%), Consumer Durables (4.0%) and Consumer Non-durables (5.8%).
The general IIP for the month of August 2012 stands at 165.7 compared to 166.9 in July 2012 and 161.4 in August last year.
The cumulative growth rate in IIP for the period April-August 2012-13 over the corresponding period of the previous year stands at 0.4% versus 5.6% in the year-ago period.
The Government today revised lower the IIP growth rate for July to (-)0.2% from the provisional estimate of 0.1%.
| Sector |
August 2012 |
July 2012 |
August 2011 |
| Manufacturing |
2.9% |
-0.4% |
3.9% |
| Mining |
2.0% |
-1.6% |
-5.5% |
| Electricity |
1.9% |
2.8% |
9.5% |
| Overall |
2.7% |
-0.2% |
3.4% |
Indices for August 2012 are Quick Estimates.
| Sector |
August 2012 |
July 2012 |
August 2011 |
| Capital Goods |
-1.7% |
-4.5% |
4.0% |
| Basic Goods |
2.8% |
1.0% |
5.8% |
| Intermediate Goods |
1.9% |
-1.2% |
-1.0% |
Indices for July 2012 are Quick Estimates.
| Sector |
August 2012 |
July 2012 |
August 2011 |
| Consumer Non-durables |
5.8% |
0.3% |
-0.7% |
| Consumer Durables |
4.0% |
0.6% |
5.5% |
| Consumer Goods |
5.0% |
0.5% |
2.1% |
Indices for August 2012 are Quick Estimates.