IIP Indian economy: IIP contracts 8 percent in August
New Delhi: The Indian industrial production contracted by 8 percent in August, government data released on Monday revealed.
The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.
For the month of August 2020, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 116.1.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2020 stand at 83.0, 117.4 and 162.7 respectively.
As per Use-based classification, the indices stand at 108.4 for Primary Goods, 75.0 for Capital Goods, 126.6 for Intermediate Goods and 127.7 for Infrastructure/ Construction Goods for the month of August 2020.
Further, the indices for Consumer durables and Consumer non-durables stand at 109.4 and 139.6 respectively for the month of August 2020.
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