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Posted at: Jan 12, 2019, 9:13 AM; last updated: Jan 12, 2019, 9:13 AM (IST)

Industrial growth falls to 17-month low in Nov

Contraction in manufacturing sector to blame

New Delhi, January 11

Industrial output growth dropped to a 17-month low of 0.5% in November on account of contraction in manufacturing sector, particularly consumer and capital goods.

Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5% in November 2017, as per data released by the Central Statistics Office (CSO) today.

The previous low was in June 2017, when IIP growth contracted by 0.3%.

The growth for October 2018 was revised upwards to 8.4% from 8.1%.

During the April-November period, industrial output grew 5% as compared to 3.2% in the same period of the previous fiscal.

The manufacturing sector, which constitutes 77.63% of the index, recorded a contraction of 0.4% in November as against a growth of 10.4% a year ago.

The mining sector posted 2.7% growth during the month as against 1.4% in November 2017.

Power sector output also grew by 5.1% from 3.9% a year ago.

Capital goods output declined by 3.4%, compared to 3.7% growth a year ago. Consumer durables output also dipped by 0.9% as against a growth of 3.1% a year earlier. Consumer non-durable goods also saw a contraction of 0.6% as compared to 23.7% growth a year ago.

In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth during November 2018. — PTI

13 industry groups post negative growth 

  • The manufacturing sector, which constitutes 77.63% of the index, recorded a contraction of 0.4% in November as against a growth of 10.4% a year ago
  • Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5% in November 2017
  • The previous low was in June 2017, when IIP growth contracted by 0.3%
  • During the April-November period, industrial output grew 5% as compared to 3.2% in the same period of the previous fiscal
  • In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth during November 2018

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