Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

India’s factory output rises marginally by 1.2% in July

Author: IANS/Tuesday, September 12, 2017/Categories: Economy

India’s factory output rises marginally by 1.2% in July

New Delhi, Sep 12 - Shrugging off the contraction experienced in the previous month, Indian factory output in July rose marginally by 1.2% as compared to the same month of last year, official data showed.

As per the new Index of Industrial Production (IIP), with the revised base year of 2011-12, factory output had declined by (-)0.1% during June due to a drop in manufacturing, from a rise of 2.80% reported for May this year.

The factory output had expanded by 4.5% during July of 2016.
On a year-to-date basis, the output rose by 1.7% during April-July, 2017, which was much lower than the IIP growth rate of 6.5% recorded in the corresponding period of last year.

Data released by the Central Statistics Office (CSO) showed that July's modest turnaround was mostly led by a revival in electricity, which grew at 6.5% over the same month last year, and in "Other manufacturing" that grew at an impressive 20.9% year-on-year.

Manufacturing output, which has the maximum weightage in the overall index, inched up at a marginal 0.1% in July. The mining output during the month in consideration rose 4.8%.

Among the six use-based classification groups, the output of primary goods grew by 2.3%, consumer non-durables by 3.4% and infrastructure or construction goods by 3.7%.

In contrast, the output of intermediate goods declined by (-)1.8%, consumer durables by (-)1.3% and capital goods by (-)1%.

"In terms of industries, eight out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of July 2017 as compared to the corresponding month of the previous year," the CSO said.

"The industry group 'Other manufacturing' has shown the highest positive growth of 20.9%, followed by 18.9% in 'Manufacture of pharmaceuticals, medicinal chemical and botanical products'... on the other hand, the industry group 'Manufacture of tobacco products' has shown the highest negative growth of (-)43.4%," it added.

Print Rate this article:
No rating

Number of views (180)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free