Industrial production rises to 16-month high in October: Factors driving this robust growth
1 year ago

Industrial production rises to 16-month high in October: Factors driving this robust growth

Live Mint  

The Index of Industrial Production surged to a 16-month high, marking an 11.7% YoY increase, in October 2023 compared to 6.2% YoY growth in September 2023. While the low base effect contributed to the strong YoY growth in October 2023, the sequential increase of 1.8% indicates a credible uptick in industrial production, said ICICI Bank Global Markets. Despite a slower recovery in rural demand amid reduced farm income, non-durables output achieved 8.6% YoY growth in October, according to the brokerage. Manufacturing segments that drove this growth, according to ICICI Bank Global Markets, were machinery and equipment at 26.1% YoY growth in October, followed by transport equipment at 26.4%, motor vehicles at 24.4%, fabricated metal at 18.5%, electrical equipment at 13.2%, and basic metal at 11.9%.

Growth Manufacturing Yoy Increase Compared Industrial Production Icici Bank Global Markets Goods Output Bank Global Markets  increase  goods  output  driving  manufacturing  compared  global  production  robust  rises  growth  industrial  factors  16month  yoy  high

History of this topic

Industrial production clocks modest rebound, up 3.1%
1 month, 1 week ago

Industrial production clocks modest rebound, up 3.1%

The Hindu  

India’s industrial output returned to the positive trajectory with a moderate uptick of 3.1% in September, from its first contraction in 21 months this August, led by a 3.9% growth in manufacturing even as electricity and mining sectors grew under 1%. Spliced by end-use, all six segments of factory output recorded positive growth, compared to just four segments in August, …

Retail inflation hits 14-month high, rises to 6.21 per cent in October
1 month, 1 week ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

For the first time in 42 months, core sectors’ output tanked in August
2 months, 3 weeks ago

For the first time in 42 months, core sectors’ output tanked in August

The Hindu  

Output levels in India’s core sectors slipped to a nine-month low in August, even as year-on-year growth slipped 1.8%, marking the first contraction in three and a half years. Six of eight infrastructure segments witnessed a year-on-year contraction in production, while fertilizers and steel output grew at a milder pace than July, when core sectors’ output rose 6.1%. Industrial output …

India’s industrial output grows 4.8% in July
3 months, 1 week ago

India’s industrial output grows 4.8% in July

The Hindu  

India’s industrial output growth rose 4.8% in July, the second-slowest pace in the financial year 2024-25, from an upgraded 4.7% growth in June, even as mining and electricity growth slowed, and non-consumer durables’ production slipped a sharp 4.4%, marking the third contraction in four months. Manufacturing output growth picked up to 4.6% in July, from 3.2% in June, and was …

April industrial output growth slows to 3-month low of 4.97%
6 months, 1 week ago

April industrial output growth slows to 3-month low of 4.97%

The Hindu  

India’s industrial output growth slowed to a three-month low of 4.97% in April, from an upgraded 5.4% pace in March, with manufacturing expansion slipping to 3.9%, from 5.8%, electricity generation accelerating, and production of consumer non-durables contracting for the third time in six months. Electricity generation rose 10.2% compared with a 1.1% contraction last April and was almost 7% higher …

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline
7 months, 1 week ago

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline

Deccan Chronicle  

New Delhi:With the poor performance, mostly in the mining sector, India’s industrial output slowed marginally to 4.9 per cent in March this year as compared to the previous month. The factory output measured in terms of the index of industrial production or IIP was 5.6 per cent in February 2024, while it saw a growth of 1.9 per cent in …

Industrial output slows to 4.9% in March
7 months, 1 week ago

Industrial output slows to 4.9% in March

The Hindu  

India’s industrial output growth slowed to 4.9% in March from 5.6% in February, as per the National Statistical Office, with base effects from last March when output had tanked 1.9%, boosting the uptick. Manufacturing, which constitutes 77.6% of the Index of Industrial Production, grew at a five-month high pace of 5.2% in March, relative to a mild 1.5% uptick in …

Industrial output growth slows to 3.8% in January
9 months, 1 week ago

Industrial output growth slows to 3.8% in January

The Hindu  

India’s industrial output growth slowed to 3.8% in January, from an upgraded uptick of 4.24% in December, with the manufacturing sector’s growth slowing to 3.2% from 4.5% a month ago and consumer non-durables slipping into contraction for the second time in three months. Consumer durables production jumped 10.9%, the highest growth in three months, but gained from base effects as …

Core sectors’ growth hit 14-month low in December
10 months, 3 weeks ago

Core sectors’ growth hit 14-month low in December

The Hindu  

Output growth from India’s eight core sectors slumped to a 14-month low of 3.8% in December 2023, compared to 8.3% a year earlier and a revised growth of 7.9% in the previous month. Coal production grew 10.6%, marking the slowest year-on-year uptick in six months, but output levels were at their highest since April 2023. Refinery products and Steel output …

IIP growth at 8-month low in November: What do the numbers say about Indian economy?
11 months, 1 week ago

IIP growth at 8-month low in November: What do the numbers say about Indian economy?

Live Mint  

The government on Friday released data on inflation and industrial production, which showed a dual impact on the economy. Conversely, industrial production growth plummeted to an 8-month low of 2.4% in November, mainly because of poor showing by the manufacturing sector. On the other hand, pharma, chemical products, wearing apparel, computer and electronics, electrical equipment and machinery & equipment and …

Industrial output growth slides to three-month low
1 year, 1 month ago

Industrial output growth slides to three-month low

The Hindu  

India’s industrial output growth slid to a three-month low of 5.8% in September from a 14-month high of 10.3% in August, with manufacturing growth halving to 4.5% from the 9.3% recorded in the previous month. Consumption demand appeared weak with consumer durables’ production rising just 1% while non-durables’ grew 2.7% in September, despite a beneficial base effect from last year …

Industrial growth hit 14-month high of 10.3% in August
1 year, 2 months ago

Industrial growth hit 14-month high of 10.3% in August

The Hindu  

India’s industrial output surged at a 14-month high pace of 10.3% in August, from a 6% rise in July, aided by favourable base effects from last year when production levels had contracted 0.7% and the best manufacturing performance since this April. Consumer goods’ production reflected a mixed trend, although durables’ output grew for the first time in three months, at …

Mining, power drive IIP growth to five-month high
1 year, 3 months ago

Mining, power drive IIP growth to five-month high

Live Mint  

India’s factory output rose to a five-month high of 5.7% in July, up from 3.7% in June, driven by strong growth in mining and power, official data released on Tuesday showed. “The growth rates over the corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of covid-19 pandemic since March 2020,” said an …

Production rises 5.2%, led by infrastructure and construction goods, even as 12 of 23 manufacturing sectors report contraction
1 year, 5 months ago

Production rises 5.2%, led by infrastructure and construction goods, even as 12 of 23 manufacturing sectors report contraction

The Hindu  

India’s industrial output picked up some pace in May to grow at a three-month high rate of 5.2% compared to 4.46% in April, with electricity generation growing 0.9% after two months of contraction. Within manufacturing, consumer durables turned an ebbing tide for the first time in six months, with output growing 1.1% in May, compared to a 2.5% contraction in …

Industrial Output Rebounds in April, but Recovery Remains Uneven
1 year, 6 months ago

Industrial Output Rebounds in April, but Recovery Remains Uneven

The Hindu  

Industrial output grew 4.2% in April, rising from a five-month low in March, with electricity generation contracting for the second month in a row, even as manufacturing and mining grew about 5% in the month. April’s industrial growth still reflected the second slowest uptick in six months, even as the National Statistical Office revised the Index of Industrial Production for …

Factory output rises 1.10% in March, grows by 5.1% in FY23
1 year, 7 months ago

Factory output rises 1.10% in March, grows by 5.1% in FY23

Live Mint  

Industrial Production in India records a growth of 1.10% in March 2023. Indices like Mining, Manufacturing, and Electricity sectors saw an output of 54.2, 146.0, and 188.0 respectively in March 2023. Also, as per the use-based classification, the indices stand at 158.2 for Primary Goods, 120.9 for Capital Goods, 158.2 for Intermediate Goods, and 178.7 for Infrastructure/ Construction Goods for …

Not losing steam: On latest industrial output estimates
1 year, 10 months ago

Not losing steam: On latest industrial output estimates

The Hindu  

The latest industrial output estimates from the National Statistical Office indicate an across-the-board loss of momentum in December with overall production growth slowing to 4.3% year-on-year, from November’s 7.3% pace. While activity was unchanged or moderated across all the three constituents of the Index of Industrial Production — mining, manufacturing and electricity — the largest sector manufacturing, with a weight …

Factory growth up 4.3% in December
1 year, 10 months ago

Factory growth up 4.3% in December

Deccan Chronicle  

NEW DELHI: With the substantial increase of power generation and mining output, India’s industrial production rose by 4.3 per cent in December 2022, but at a slower pace as against 7.1 per cent in preceding month, the official data of ministry of statistics and programme implementation showed on Friday. As per the data, the factory output measured in terms of …

Industrial production growth grew 4.3% in December, says govt
1 year, 10 months ago

Industrial production growth grew 4.3% in December, says govt

Live Mint  

The Index of Industrial Production for December grew 4.3 per cent on a year-on-year basis against 7.1 per cent in the preceding month, the Ministry of Statistics and Programme Implementation data showed on 10 February. Also, the manufacturing sector's output grew by 2.6 per cent in December, said the released by the National Statistical Office. Commenting on the IIP data, …

IIP Data: India's Industrial Production Grows 4.3% in December 2022, Manufacturing Up 2.6%
1 year, 10 months ago

IIP Data: India's Industrial Production Grows 4.3% in December 2022, Manufacturing Up 2.6%

News 18  

IIP Data For December 2022: India’s industrial production in December 2023 expanded 4.3 per cent, according to the latest IIP data released on Friday. According to the latest data released by the National Statistical Office on Friday, mining saw a growth of 9.8 per cent in December 2022 and the electricity production witnessed a rise of 10.4 per cent. Aditi …

Industrial output growth moderates to 4.3% in December 2022
1 year, 10 months ago

Industrial output growth moderates to 4.3% in December 2022

The Hindu  

India’s industrial output growth moderated to 4.3% in December 2022 from 7.3% in November, despite mining and electricity production rising at around 10% for the second successive month as manufacturing growth faltered from 6.1% in November to just 2.6%. On the basis of end-use, four of six sub-sectors — primary goods, capital goods, infrastructure and construction goods, and consumer non-durables …

India's Industrial Production: Rises by 4.3 per cent in December
1 year, 10 months ago

India's Industrial Production: Rises by 4.3 per cent in December

India TV News  

India's Industrial Production: National Statistical Office on Friday released data showing a positive hike in India's Industrial Production in December. According to the official data of NSO, India's industrial production rose by 4.3 per cent in December. Factory output measured in terms of the Index of Industrial Production grew by 1 per cent in December 2021. The data released by …

Industrial output bounced back to rise 7.1% in November
1 year, 11 months ago

Industrial output bounced back to rise 7.1% in November

The Hindu  

India’s industrial output bounced back to rise 7.1% in November 2022, after plummeting 4.2% in October 2022 as per revised estimates. The rise was aided by base effects as November 2021 had clocked just 1% growth, but also marked a 6% uptick in output levels over October 22, which incidentally recorded the lowest level for the Index of Industrial Production …

India’s core sector growth slows to 0.1% in October
2 years ago

India’s core sector growth slows to 0.1% in October

The Hindu  

India’s eight core sectors’ output growth virtually flattened in October, stumbling to just 0.1% from 7.8% in September, with cement and refinery products slipping into contraction and electricity generation rising just 0.4%. In what analysts reckoned was the weakest core sectors’ performance since February 2021, partly driven by base effects, steel output rose 4% in October, reflecting the slowest growth …

Industrial output grows 3.1% in September
2 years, 1 month ago

Industrial output grows 3.1% in September

The Hindu  

India’s industrial output grew 3.1% in September, rebounding from a contraction in the previous month, helped by a double-digit rise in electricity generation even as manufacturing output growth remained weak at 1.8%. Mining output rose 4.6% in September after a nearly 4% dip in August, as per quick estimates of the Index of Industrial Production released by the Statistics Ministry. …

August 2022 industrial production shrinks 0.8%, inflation drags
2 years, 2 months ago

August 2022 industrial production shrinks 0.8%, inflation drags

The Hindu  

India’s industrial output contracted 0.8% in August from the minor 2.2% growth recorded in the previous month, with both manufacturing and mining sectors reporting lower output than a year earlier, while overall factory production shrank 2.3% from July 2022. While the Index of Industrial Production had risen 13% in August 2021, base effects only played a marginal role in the …

India’s industrial production grows 2.4% in July
2 years, 3 months ago

India’s industrial production grows 2.4% in July

The Hindu  

India’s industrial output grew by just 2.4% in July from 12.7% in June, with output levels dropping 2.75% month-on-month as per the Index of Industrial Production. The intermediate goods segment was the only one to clock growth from July 2021 as well as June 2022 output levels — rising 3.6% and 1.6%, respectively. Production growth in the consumer durables sector, …

Industrial output grows 1.3% in January
2 years, 9 months ago

Industrial output grows 1.3% in January

The Hindu  

India’s industrial output grew 1.3% in January 2022, recovering marginally from a revised growth rate of 0.7% for December 2021, but was still only 0.7% above pre-pandemic levels, as per data from the National Statistical Office. While consumer non-durables output grew 2.1% year-on-year in January, the fastest pace since August 2021, it marked a significant 5% decline from December 2021 …

Core sector growth rebounds in October
3 years ago

Core sector growth rebounds in October

The Hindu  

Output from India’s eight core sectors grew 7.5% in October, picking up pace from the revised 4.5% growth estimate for September, with all sectors, except crude oil, recording positive growth. Crude oil output, which has been consistently shrinking for several months now, dropped 2.2% compared to October 2020, but grew 2.85% on a sequential basis from September 2021. “The divergence …

IIP grows 11.9% in August on low-base effect, good performance by manufacturing and mining
3 years, 2 months ago

IIP grows 11.9% in August on low-base effect, good performance by manufacturing and mining

Firstpost  

Industrial production plunged 18.7 percent in March last year following the COVID outbreak and remained in the negative zone till August 2020 New Delhi: Industrial production grew 11.9 percent in August mainly due to a low-base effect and good performance by manufacturing, mining and power sectors that surpassed the pre-COVID level. The manufacturing sector, which constitutes 77.63 percent of the …

Factory output at eight-month high
4 years ago

Factory output at eight-month high

Live Mint  

India’s factory output expanded for the second straight month in October, signalling the economy is gradually climbing back from disruptions related to the coronavirus pandemic. Positive signs Coming on the base of a 6.6% contraction in October 2019, the 3.6% growth in the IIP in October this year is decidedly modest, and warrants caution in the interpretation of the strength …

Industrial production declined by 8% in August: Official data
4 years, 2 months ago

Industrial production declined by 8% in August: Official data

India Today  

Official data has shown that industrial production declined by 8 per cent in August, mainly due to lower output of manufacturing, mining and power generation sectors. Manufacturing sector production registered a decline of 8.6 per cent, while the output of mining and power segments fell 9.8 per cent and 1.8 per cent, respectively, Index of Industrial Production data showed on …

Industrial production declines 10.4% in July; capital goods, consumer durables see max contraction
4 years, 3 months ago

Industrial production declines 10.4% in July; capital goods, consumer durables see max contraction

Firstpost  

Manufacturing sector, which constitutes 77.63 percent of the IIP, recorded a decline of 11.1 percent in July as against a growth of 4.8 percent in same month last year New Delhi: Industrial production shrank by 10.4 percent in July, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Friday. According to the IIP …

IIP shrinks 10.4% as recovery slows
4 years, 3 months ago

IIP shrinks 10.4% as recovery slows

The Hindu  

Factory output contracted 10.4% in July 2020, in a year-on-year comparison of the Index of Industrial Production, released by the Centre on Friday. Economists feel the recovery is slowing, noting that although the IIP’s July contraction is significantly better than the 57% plunge seen in April, it is only a mild improvement from the 15.7% y-o-y contraction seen in June. …

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