The IIP data for June 2013 was revised from 1.78% to 2.2% dip in production
The General Index for industrial output for the month of July 2013 stands at 171.5, which is 2.6% higher as compared to the level in the month of July 2012. The cumulative growth for the period April-July 2013-14 over the corresponding period of the previous year stands at (-) 0.2%. This is based on the Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of July 2013 which have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.
After contracting for two consecutive months, the industrial output grew at a four-month high of 2.6% in July against contraction of 0.1% in same month last year. This will pump some confidence in the economy as the IIP fell 1.1% in the first quarter of 2013-14 against a decline of 0.2% in the corresponding period of 2012-13.
The IIP data for June 2013 was revised from 1.78% to 2.2% dip in production.
In terms of industries, eleven (11) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of July 2013 ascompared to the corresponding month of the previous year.
Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Fruit Pulp’ (50.5%), ‘Cashew Kernels’ (23.2%), ‘Apparels’ (39.8%), ‘Leather Garments’ (62.6%), ‘Purified Terephthalic Acid’ (29.6%), ‘Vitamins’ (61.8%), ‘Ayurvedic Medicaments’ (44.6%), ‘Cable, Rubber Insulated’ (336.0%) and ‘Ship Building & Repairs’ (58.7%).
Some of the other important items showing high negative growth are:
‘Grinding Wheels’ [(-) 29.4%], ‘Boilers’ [(-) 36.6%], ‘Air Conditioner (Room)’ [(-) 30.8%], ‘Earth Moving Machinery’ [(-) 42.6%], ‘Sugar Machinery’ [(-) 27.9%], ‘Plastic Machinery Incl. Moulding Machinery’ [(-) 40.7%], ‘Transformers (Small)’ [(-) 22.7%], ‘Generator/ Alternator’ [(-) 42.0%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 21.5%] and ‘Gems and Jewellery’ [(-) 20.5%].
The General Index for industrial output for the month of July 2013 stands at 171.5, which is 2.6% higher as compared to the level in the month of July 2012. The cumulative growth for the period April-July 2013-14 over the corresponding period of the previous year stands at (-) 0.2%. This is based on the Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of July 2013 which have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.
After contracting for two consecutive months, the industrial output grew at a four-month high of 2.6% in July against contraction of 0.1% in same month last year. This will pump some confidence in the economy as the IIP fell 1.1% in the first quarter of 2013-14 against a decline of 0.2% in the corresponding period of 2012-13.
The IIP data for June 2013 was revised from 1.78% to 2.2% dip in production.
In terms of industries, eleven (11) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of July 2013 ascompared to the corresponding month of the previous year.
Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Fruit Pulp’ (50.5%), ‘Cashew Kernels’ (23.2%), ‘Apparels’ (39.8%), ‘Leather Garments’ (62.6%), ‘Purified Terephthalic Acid’ (29.6%), ‘Vitamins’ (61.8%), ‘Ayurvedic Medicaments’ (44.6%), ‘Cable, Rubber Insulated’ (336.0%) and ‘Ship Building & Repairs’ (58.7%).
Some of the other important items showing high negative growth are:
‘Grinding Wheels’ [(-) 29.4%], ‘Boilers’ [(-) 36.6%], ‘Air Conditioner (Room)’ [(-) 30.8%], ‘Earth Moving Machinery’ [(-) 42.6%], ‘Sugar Machinery’ [(-) 27.9%], ‘Plastic Machinery Incl. Moulding Machinery’ [(-) 40.7%], ‘Transformers (Small)’ [(-) 22.7%], ‘Generator/ Alternator’ [(-) 42.0%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 21.5%] and ‘Gems and Jewellery’ [(-) 20.5%].
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