Industrial production dips, contracts by 0.1 per cent in June

Economists surveyed by Reuters had forecast 0.6 percent growth in output compared with a revised 2.8 percent year-on-year increase in May.

By: PTI | New Delhi | Updated: August 11, 2017 7:52 pm
Industrial output, India industrial output, Industrial output news, Industrial output dips, India GDP, economic survey India’s industrial output growth dipped in May-June.

Industrial output entered the negative territory in June contracting by 0.1 per cent mainly due to decline in manufacturing and capital goods sectors. Besides, segments like mining, power generation, infrastructure/construction goods and consumer durables recorded poor performance. Factory output, measured in terms of Index of Industrial Production, grew 8 per cent in June 2016, according to the data released by the Central Statistics Office today.

On a quarterly basis, factory output growth during April-June slowed down to 2 per cent from 7.1 per cent in the corresponding period last year. This is the first time in the current fiscal, the industrial output has shown a decline. The IIP grew by 3.4 per cent in April and 2.8 per cent May as per the revised estimates released today. Manufacturing sector, which constitutes over 77 per cent of the index, showed a decline of 0.4 per cent in June as compared to a growth of 7.5 per cent in the same month last year.

The output of mining and electricity sectors during the month decelerated to 0.4 per cent and 2.1 per cent from 10.2 per cent and 9.8 per cent respectively in June last year. Capital goods output, which is the barometer of investment, declined by 6.8 per cent from a growth of 14.8 per cent a year ago. Similarly, the output of primary goods and intermediate goods during the month declined by 0.2 per cent and 0.6 per cent as against growth of 8.2 per cent and 6 per cent respectively during June last year.

The Consumer durables and Consumer non-durables have recorded growth of (-) 2.1 per cent and 4.9 per cent respectively. In terms of industries, 15 out of 23 industry groups in the manufacturing sector have shown negative growth during the month of June 2017 as compared to the corresponding month of the previous year.

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  1. A
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    Aug 12, 2017 at 2:15 am
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    1. J
      Joykutty Cherian
      Aug 11, 2017 at 11:42 pm
      Let us wish RIP to demonitisation atleast now. ??????
      Reply
      1. S
        SK Gupta
        Aug 11, 2017 at 10:48 pm
        Economic activity is going down as govt is increasing taxes all over. Indians are grossly over-taxed !
        Reply
        1. S
          shiravanthe sridhar
          Aug 11, 2017 at 8:59 pm
          News by the dumb for the dumb of the dumb by the gleeful Islamic express, so what even if it's 0.1 ,time for anti modi intolerant sickular commie brigade to celebrate.
          Reply
          1. P
            P.C.Kulkarni
            Aug 11, 2017 at 9:21 pm
            Try to tolerate facts Mr. Bhakt.
            Reply
          2. T
            Truth
            Aug 11, 2017 at 7:08 pm
            Modi-Shah looting our money and using it for horse-trading (in crores) to stay in power , ,,,,in the process taking our country down the drain !!!
            Reply
            1. T
              THATHAMAN
              Aug 11, 2017 at 7:01 pm
              EXECEPT FOR RELEGIOUS NATIONALISM INPLACE OF CONS UTIONAL NATIONALISED NOTHIN IS HAPPENING. THE HITLER( MODI) aND HIMMLER THADIPAR SHAH) BREAKING OPPOSITION PARTYS AND FORMING D GOVERNMENT NOTHING GOOD HAPPENING FOR LAST 3YEARS IN OUR COUNTY. INDIA IS N THE VERGE OF DISINTEGRATION UNDER THE FASCIST REGIME.
              Reply
              1. D
                drharun
                Aug 11, 2017 at 6:48 pm
                Is there anything in the report to be alarmed,Nothing.Govt is flush with Money.Direct Tax collections at 10 lakh crores and GST to boost Indirect Tax by 20 .Its just that Money should reach the needy and Aadhar linked accounts should facilitate that as well.
                Reply
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                  P.C.Kulkarni
                  Aug 11, 2017 at 9:25 pm
                  One will be alarmed only if he knows a bit of economics
                  Reply
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