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ECONOMY NEWS
Industrial production growth accelerates to 7% in June 2018
Industrial production rises 5.2% in April-June FY2019
10-Aug-18  (19:30)

India's industrial production (base year 2011-12=100) growth rebounded to five month high of 7% in June 2018, while recovering from a seven-month low of 3.9% in May 2018. The industrial production growth for May 2018 has been revised upwards from 3.2% increase reported provisionally. The output growth for all three major segments has accelerated sharply in June 2018 with manufacturing sector's production growth accelerating to 6.9%. Further, the mining output has improved at higher pace of 6.6% and electricity generation output growth also jumped to 19-month high of 8.5% in June 2018.

As per the use-based classification, capital goods output increased 9.6% in June 2018 over a year ago, while the output of Infrastructure/ construction goods improved 8.5% in June 2018, The output of primary goods also moved up 9.3% and intermediate goods rose 2.4%. The output of consumer durables increased 13.5%, while that of consumer non-durable durables rose 0.5% in June 2018.

In terms of industries, nineteen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of June 2018 as compared to the corresponding month of the previous year.

The industry group 'Manufacture of computer, electronic and optical products' has shown the highest positive growth of 44.1% followed by 20.5% in 'Manufacture of motor vehicles, trailers and semi-trailers' and 15.6% in 'Manufacture of other transport equipment'.

On the other hand, the industry group 'Other manufacturing' has shown the highest negative growth of (-) 40.2% followed by (-) 31.7% in 'Manufacture of tobacco products' and (-) 0.8% in 'Manufacture of textiles'.

The cumulative industrial production increased 5.2% in April-June FY2019 compared with 1.9% growth in April-June FY2018. The manufacturing sector growth has improved to 5.3% in April-June FY2019 from 1.6% growth in the corresponding period last year. The mining output growth also improved to 5.5%, while electricity generation output rose at moderated pace of 4.9% in April-June FY2019.

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