The Index of Industrial Production
(IIP) for the month of August contracted (-)0.7% versus (-)2.5% in July. The
General Index for the month of August 2016 stands at 175.3, which is 0.7
percent lower as compared to the level in the month of August 2015. The
cumulative growth for the period April-August 2016 over the corresponding
period of the previous year stands at (-) 0.3 percent, said a Ministry of
Statistics & Programme Implementation release.
The Indices of Industrial Production
for the Mining, Manufacturing and Electricity sectors for the month of August
stand at 113.5, 184.3 and 194.6 respectively, with the corresponding growth
rates of (-) 5.6%, (-) 0.3% and 0.1%. The cumulative growth in these three
sectors during April-August 2016 over the corresponding period of 2015 has been
0.6%, (-) 1.2% and 5.7% respectively.
In terms of industries, seven out of
the twenty two industry groups in the manufacturing sector have shown negative
growth. “The industry group ‘Electrical machinery & apparatus n.e.c.’ has
shown the highest negative growth of (-) 49.4 percent followed by (-) 22.4
percent in ‘Furniture; manufacturing n.e.c.’ and (-) 6.6 percent in ‘Wearing
apparel; dressing and dyeing of fur’,” the release said. While Basic goods
sector grew at 3.3%, capital goods contracted (-)22.2.%. Intermediate goods
grew at 3.6%.
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