Industrial output drops by 1.8 per cent in June

Aug 09, 2012 |

New Delhi

Tags:

industrial-agencies_19.jpg.crop_display.jpg

Indicating a persistent slowdown in the economy, industrial production has declined by 1.8 per cent in June mainly due to poor show by manufacturing and capital goods sectors.

Industrial output in the April-June quarter too contracted by 0.1 per cent in fiscal 2013, according to the official data released on Thursday.

Growth in factory output, as measured by the index of industrial production (IIP), was 9.5 per cent in June, and 6.9 per cent in April-June quarter in 2011-12.

The manufacturing sector, which constitutes over 75 per cent of the index, witnessed a slump in output by dismal 3.2 per cent in June against a growth of 11.1 per cent in the same month a year ago.

The performance of the manufacturing sector was not good in April-June quarter also as the output declined by 0.7 per cent against a growth of 7.7 per cent in the three-month period a year ago.

The capital goods production also declined by massive 27.9 per cent in June against a growth rate of 38.7 per cent a year ago.

The output of these goods contracted in April-June period by 19.6 per cent against a growth of 17 per cent in 2011-12.

Post new comment

<form action="/comment/reply/179284" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-eb1a8750df507c32566b0481fd75188b" value="form-eb1a8750df507c32566b0481fd75188b" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="85496095" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>