Industrial output slips by 0.3% in December

New Delhi: Decline in manufacturing activity contracted India’s December factory output by 0.3 percent from a rise of 1.82 percent in November and 2.5 percent during the corresponding period of the previous year.

“The ‘Quick Estimates of Index of Industrial Production’ with base 2011-12 for the month of December 2019 stands at 133.5, which is 0.3 percent lower as compared to the level in the month of December 2018,” the Ministry of Statistics & Programme Implementation said.

“The cumulative growth for the period April-December 2019 over the corresponding period of the previous year stands at 0.5 percent.”

As per the data, the output rate of the manufacturing sector contracted by minus 1.2 percent in December from a YoY rise of 2.9 percent.

The output of another notable sector such as mining rose, whereas electricity slipped during the month under review.

According to the data, mining activity grew by 5.4 percent from a YoY decline of (-) 1 percent and the sub-index of electricity generation was lower by (-)1 percent from a rise of 4.5 percent. Among the six use-based classification groups, the output of primary goods, which has the highest weightage of 34.04, rose by 2.2 percent. The output of intermediate goods, which has the second-highest weightage, zoomed 12.5 percent. (IANS)

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