December IIP growth at 1.7%

Zee Media Bureau

New Delhi: The Index of Industrial Production (IIP) data was reported at 1.7 percent, compared to 3.8% in November, according to the the Central Statistics Office.

"As per Use-based classification, the growth rates in December 2014 over December 2013 are 2.4% in Basic goods, 4.1% in Capital goods and 0.1% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 9.0% and 5.7% respectively, with the overall growth in Consumer goods being 0.7%," said the Central Statistics Office in a press release.

On a year-on-year basis, December manufacturing had risen because there were more working days in November of 2014 than November of 2013.