March 11, 2013

January IIP rises to 2.4%

It fell 0.6% in December; manufacturing growth improves to 2.7% as against -0.7% in Dec 2012

Industrial production (IIP), which includes output at factories, mines and utilities, rose an annual 2.4% in January after unexpectedly falling 0.6% in December. 

All sectors have shown a marked improvement when compared to the December numbers.

Manufacturing growth improved to 2.7% as against -0.7% in December 2012.

Consumer goods growth too improved to 2.8% while it was -4.2% a month ago.

The December IIP has been revised to -0.5%.

Electricity growth increased to 6.4% from 5.2% in December. So did mining growth that was clocked at -2.9% versus -4% a month ago.

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