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Business EconomyPosted at: Feb 12 2020 6:43PM


December IIP at 0.3 per cent

New Delhi, Feb 12 (UNI) The Quick Estimates of Index of Industrial Production (IIP) for the December 2019 was 0.3 per cent lower as compared to the same month last year, according to government data released on Wednesday.
The cumulative growth for the period April-December 2019 over the corresponding period of the previous year stood at 0.5 per cent.
The Consumer durables and Consumer non- durables have recorded growth of (-) 6.7 per cent and (-) 3.7 per cent respectively.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for December 2019 saw corresponding growth rates of 5.4 per cent, (-) 1.2 per cent and (-) 0.1 per cent as compared to December 2018.
The cumulative growth in these three sectors during April-December 2019 over the corresponding period of 2018 has been 0.6 per cent, 0.5 per cent and 0.8 per cent respectively, said the Ministry of Statistics & Programme Implementation.
In terms of industries, 16 out of the 23 industry groups (as per 2-digit level of National Industrial Classification-2008) in the manufacturing sector have shown negative growth during the month of December 2019 as compared to the corresponding month of the previous year.
The industry group ‘Manufacture of computer, electronic and optical products’ has shown the highest negative growth of (-) 24.9 per cent followed by (-) 20.3 per cent in ‘Manufacture of machinery and equipment’ and (-) 15.5 per cent in ‘Printing and reproduction of recorded media’.
On the other hand, the industry group ‘Manufacture of basic metals’ has shown the highest positive growth of 14.2 per cent followed by 13.2 per cent in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ and 5.9 per cent in ‘Manufacture of leather and related products’.
As per Use-based classification, the growth rates in December 2019 over December 2018 are 2.2 per cent in Primary goods, (-) 18.2 per cent in Capital goods, 12.5 per cent in Intermediate goods and (-) 2.6 per cent in Infrastructure/ Construction Goods.
UNI RSA ADG 1843
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