New Delhi: Reviving hopes of economic recovery, industrial production grew at a 5-month high of 3.8 percent in November due to improvement in manufacturing and mining sectors as well as better offtake of capital goods.
The factory output, as measured by the Index of Industrial Production (IIP), had declined by 1.3 percent in the same month of 2013.
The revised figure for October last year remained unchanged, a contraction of 4.2 percent, according to the data released by Central Statistics Office Monday.
For the April-November period of the 2014-15 fiscal, IIP is up 2.2 percent, as against 0.1 percent in same period of last fiscal.
Manufacturing output, which constitutes over 75 percent to the index, grew by 3 percent in November, compared to a dip of 2.6 percent in the same month a year ago.
For April to November, the sector saw an output growth of 1.1 percent, compared to a contraction 0.4 percent in the year-ago period.
Output of the mining sector grew by 3.4 percent in November, compared to a growth of 1.6 percent. During the April-November period, the production has grown by 2.5 percent, compared to a contraction of 2.1 percent during the first eight months of last fiscal.
The production of capital goods, a barometer of demand, grew by 6.5 percent in November, as against a growth of 0.1 percent in same month of last year.
During the April-November period, capital goods output grew by 4.9 percent as against a dip in production by 0.1 percent.
Overall, 16 of the 22 industry groups in manufacturing showed positive growth in November.
According to the IIP data, power generation grew by 10 percent in November compared to a growth of 6.3 percent in the same month last year.
For the April-November period, electricity production is up 10.7 percent, compared to a growth of 5.4 percent in the same period of last fiscal.
The consumer goods output declined by 2.2 percent in November as against a dip in output at 8.9 percent logged a year ago.
For April-November, the segment showed a contraction of 5.7 percent, compared to a decline of 2.6 percent in the same period of 2013-14.
The consumer durables production too declined by 14.5 percent in November, as against a dip of 21.7 percent a year ago. For April-November, it showed a decline of 15.9 percent as against a dip of 12.6 percent in the same period of last fiscal.
However the consumer non-durable goods output grew by 6 percent in November, compared to 2.2 percent growth in same month last year. During April-November, the segment grew by 1.9 percent compared to 6.2 percent growth in same period last fiscal.
The intermediate goods' output grew by 4.3 percent in November, compared to 3.7 percent growth in the same month last year.
The basic goods production grew by 7 percent in the month under review compared to a growth of 2.7 percent in same month last fiscal. From April to November, it logged a growth rate of 7.5 percent as against 1.2 percent in the year-ago period.
