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India's factory output touches 8.1% in October

India's factory output touches 8.1% in October

India Blooms News Service | @indiablooms | 12 Dec 2018, 02:40 pm

New Delhi, Dec 12 (IBNS): India's industrial production moved up to touch 8.1 per cent in October, government data released on Wednesday said.

The figure stood at 8.1 per cent as against 4.5 per cent in September.

"The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of October 2018 stands at 132.4, 8.1 per cent higher as compared to the level in the month of October 2017," said the government statement.

"The cumulative growth for the period April-October 2018 over the corresponding period of the previous year stands at 5.6 percent," it said.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2018 stand at 107.9, 133.5 and 166.0 respectively, with the corresponding growth rates of 7.0 per cent, 7.9 per cent and 10.8 per cent as compared to October 2017.

The cumulative growth in these three sectors during April-October 2018 over the corresponding period of 2017 has been 3.8 per cent, 5.6 per cent and 6.8 per cent respectively.

In terms of industries, twenty one out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of October 2018 as compared to the corresponding month of the previous year.

The industry group ‘Manufacture of furniture’ has shown the highest positive growth of 41.0 per cent followed by 39.0 per cent in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ and 30.2 per cent in ‘Manufacture of computer, electronic and optical products’.

On the other hand, the industry group ‘Manufacture of paper and paper products’ have shown the highest negative growth of (-) 1.8 per cent followed by (-) 1.7 per cent in ‘Manufacture of beverages’.

As per Use-based classification, the growth rates in October 2018 over October 2017 are 6.0 per cent in Primary goods, 16.8 per cent in Capital goods, 1.8 per cent in Intermediate goods and 8.7 per cent in Infrastructure/Construction Goods. 

The Consumer durables and Consumer non-durables have recorded growth of 17.6 percent and 7.9 percent respectively.