IIP growth during August was hurt by weak investment and consumer demand
India's index of industrial production (IIP) growth slowed to 0.6% in August from an upwardly revised 2.75% pace in July, hurt by weak investment and consumer demand.
According to data released by the union government, the general index for August 2013 stood at 165.7 while cumulative growth during April-August was 0.1%.
The IIP for the mining, manufacturing and electricity sectors were at 114.4, 175.7 and 163.1 respectively, with the corresponding growth rate of -0.2%, -0.1% and 7.2% as compared with August 2012.
Other important items showing high negative growth are:
1. Rice (-38.0%)
2. Stainless/alloy steel (-25.8%)
3. Boilers (-35.7%)
4. Sealed Compressors (-50.4%)
5. Air Conditioner (Room) (-52.3%)
6. Heat Exchangers (-51.7%)
7. 'Earth Moving Machinery' (-45.8%)
8. 'Sugar Machinery' (-36.7%)
9. 'Plastic Machinery Incl. Moulding Machinery' (-33.7%)
10. 'Cement Machinery' (-48.0%)
11. Aluminium Conductor (-31.7%)
12. Generator/ Alternator (-72.7%)
13. Telephone Instruments (incl. Mobile Phones & Accessories)' (-23.9%)
14. Gems and Jewellery (-36.1%)
Some of the important items showing high positive growth during the current month over the same month in the previous year include,
1. Woollen Carpets (67.7%)
2. Apparels (25.1%)
3. Leather Garments (26.6%)
4. Aviation Turbine Fuel (46.2%),
5. Vitamins (75.0%)
6. Ayurvedic Medicaments (80.6%)
7. Steel Structures (25.4%),
8. Tractors (32.2%)
9. Cable, Rubber Insulated (284.5%)
10. Passenger Cars (31.5%).
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