May IIP growth at 4.7% vs 3.4% in April

India Infoline News Service | Mumbai |

The IIP for May stood at 4.7% which has come in higher than expectations and the momentum for economic recovery is building up

The Index of Industrial Production (IIP) for the month of May stood at 4.7% as against 3.4% in April. The May IIP has come in higher than expectations and the momentum for economic recovery is building up.
April IIP growth unchanged from provisional estimates of 3.4%.
Below are the highlights of IIP data
May Manufacturing growth at 2.7% vs 1.2% in April.
May Electricity growth at 6.3% vs 11.9% in April.
May consumer goods growth at 3.7% vs -5.1 in April.
May capital goods growth at 4.5% vs 15.7%
May consumers non-durables growth at 3.9% vs -3.3%
April-May IIP growth at 4% vs -0.5 YoY
 

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