July Industrial Production Growth Rises to 4.3%
As per the data released by Ministry of Statistic and Program Implementation, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of July 2019 stands at 131.1, which is 4.3 percent higher as compared to the level in the month of July 2018. The cumulative growth for the period April-June 2019 over the corresponding period of the previous year stands at 3.3 percent.
The growth rates for the Mining, Manufacturing and Electricity sectors for the month of July 2019 stand at 4.9 percent, 4.2 percent and 4.8 percent as compared to July 2018. The cumulative growth in these three sectors during April-July 2019 over the corresponding period of 2018 has been 3.4 percent, 2.8 percent and 6.6 percent respectively.
In terms of industries, thirteen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of July 2019 as compared to the corresponding month of the previous year. The industry group ‘Manufacture of food products’ has shown the highest positive growth of 23.4 percent followed by 17.3 percent in ‘Manufacture of basic metals’ and 15.0 percent in‘Manufacture of wearing apparel’.On the other hand, the industry group ‘Manufacture of paper and paper products’ has shown the highest negative growth of (-) 15.4 percent followed by (-) 13.3 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and (-) 10.9 percent in ‘Printing and reproduction of recorded media’.
As per Use-based classification, the growth rates in July 2019 over July 2018 are 3.5 percent in Primary goods, (-) 7.1 percent in Capital goods, 13.9 percent in Intermediate goods and 2.1 percent in Infrastructure/ Construction Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 2.7 percent and 8.3 percent respectively.
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The growth rates for the Mining, Manufacturing and Electricity sectors for the month of July 2019 stand at 4.9 percent, 4.2 percent and 4.8 percent as compared to July 2018. The cumulative growth in these three sectors during April-July 2019 over the corresponding period of 2018 has been 3.4 percent, 2.8 percent and 6.6 percent respectively.
In terms of industries, thirteen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of July 2019 as compared to the corresponding month of the previous year. The industry group ‘Manufacture of food products’ has shown the highest positive growth of 23.4 percent followed by 17.3 percent in ‘Manufacture of basic metals’ and 15.0 percent in‘Manufacture of wearing apparel’.On the other hand, the industry group ‘Manufacture of paper and paper products’ has shown the highest negative growth of (-) 15.4 percent followed by (-) 13.3 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and (-) 10.9 percent in ‘Printing and reproduction of recorded media’.
As per Use-based classification, the growth rates in July 2019 over July 2018 are 3.5 percent in Primary goods, (-) 7.1 percent in Capital goods, 13.9 percent in Intermediate goods and 2.1 percent in Infrastructure/ Construction Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 2.7 percent and 8.3 percent respectively.
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