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ECONOMY NEWS
Industrial production improves 6.6% in July 2018
20 out of 23 manufacturing sector industry groups shown positive growth in July 2018
12-Sep-18  (18:15)

India's industrial production (base year 2011-12=100) growth remained nearly flat and healthy at 6.6% in July 2018, compared with 6.9% growth recorded in June 2018. The industrial production growth for June 2018 has been revised marginally downwards from 7% increase reported provisionally.

The output growth for manufacturing sector has accelerated to 7% in July 2018, while the mining output growth has moderated to 3.7% and electricity generation output growth also eased to 6.7% in July 2018.

As per the use-based classification, primary goods output increased 6.9% in July 2018 over a year ago, while the output of Infrastructure/ construction goods improved 8.4% in July 2018. The output of consumer durables increased 14.4%, while that of consumer non-durable durables moved up 5.6% in July 2018. However, the output of capital goods rose at moderate pace of 3.0% and intermediate goods rose 1.2% in July 2018.

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

The industry group manufacture of furniture has shown the highest positive growth of 42.7% followed by 30.8% in manufacture of computer, electronic and optical products and 28.4% in manufacture of tobacco products.

On the other hand, the industry group manufacture of paper and paper products and printing and reproduction of recorded media have shown the highest negative growth of (-) 2.7% followed by (-) 0.9% in manufacture of machinery and equipment.

The cumulative industrial production increased 5.5% in April-July FY2019 compared with 1.7% growth in April-July FY2018. The manufacturing sector growth has improved to 5.5% in April-July FY2019 from 1.2% growth in the corresponding period last year. The mining output growth also improved to 5%, while electricity generation output increased 5.3% in April-July FY2019.

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