Factory production expands 1.2% in May – Feedback

Growth in industrial output rose 1.2 per cent in May 2016, recovering slightly from the 1.3 per cent fall in April. However, important segments such as capital goods and consumer non-durables continued to show contraction, while growth in electricity generation slowed down.

The index of industrial production (IIP) fell 0.1 per cent in the first two months of the current financial year against 2.8 per cent growth in the previous year, official data showed on Tuesday. The manufacturing sector, which registered a slight growth of 0.7 per cent, was credited with pulling up industrial output. Manufacturing had contracted 3.1 per cent in April. Electricity generation rose at a much slower rate of 4.7 per cent in May, compared with the growth rate of 14.6 per cent in April. On the other hand, mining output growth recovered modestly, rising 1.3 per cent compared to 1.2 per cent in the previous month.

http://www.business-standard.com/article/economy-policy/factory-production-expands-1-2-in-may-116071201432_1.html

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