New Delhi: Industrial production expanded at a 4-month high rate of 3.8 percent in June due to improvement in manufacturing activity.
Measured in terms of the Index of Industrial Production (IIP), industrial production had grown 4.3 percent in June last year, as per the data released by Central Statistics Office (CSO) Wednesday.
The IIP growth for May has been revised downwards to 2.5 percent from the earlier estimate of 2.7 percent. It had grown at a rate of 3.35 percent in April, and 2.5 percent in March. The factory output growth was recorded at 4.9 percent in February.
For the first quarter (April-June) of the current fiscal, the industrial production is at 3.2 percent, as compared to 4.5 percent growth in the year-ago period.
The manufacturing sector which constitutes over 75 percent of the index, grew at 4.6 percent in June compared to 2.9 percent in the same month last year.
During April-June period, the sector grew by 3.6 percent compared to 3.9 percent in the year-ago quarter.
However, the output of capital goods, a barometer of investment, contracted by 3.6 percent compared to 23.3 percent growth in the same month last year.
For the April-June period, the capital goods production is up at 1.5 percent, compared to 13.7 percent growth in the corresponding period a year ago.
In terms of industries, 16 out of 22 groups in the manufacturing sector have shown positive growth in June, as compared to the same month of last fiscal.
The mining sector output contracted by 0.3 percent in June compared a growth of 4.8 percent in the same month last fiscal.
In the April-June period it has grown at 0.7 percent, compared to 2.9 percent in same period last fiscal.
Power generation growth too slowed to 1.3 percent in June compared to 15.7 percent in the same month a year ago. During April-June, it grew at 2.3 percent compared to 11.3 percent in the three month period a year ago.
Overall consumer goods output grew by 6.6 percent in June compared to a contraction of 8.8 percent in the month a year ago.
During April-June the consumer goods output grew by 2.4 percent compared to a decline in production by 3.2 percent.
The consumer durables goods output grew at 16 percent in June compared to a contraction of 23.3 percent in the month a year ago.
In April-June the segment grew by 3.7 percent compared to a contraction of 9.5 percent in the period last year.
The consumer non-durable goods grew by 1.3 percent in June compared to 1.9 percent growth in the same month a year ago. During April-June, the output of these goods grew by 1.6 percent compared to 1.3 percent a year ago.
The basic goods output grew by 5.1 percent in June, compared to 10.2 percent a year ago, whereas the basic goods output grew by 0.8 percent compared to 2.6 percent in the same month last year.
