Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
Industrial production rises 1.8% in November on growth in manufacturing sector after 3 months of contraction
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Industrial production rises 1.8% in November on growth in manufacturing sector after 3 months of contraction

Industrial production rises 1.8% in November on growth in manufacturing sector after 3 months of contraction

FP Staff • January 10, 2020, 20:02:36 IST
Whatsapp Facebook Twitter

Industrial production, or factory output, is the closest approximation for measuring the economic activity of the country’s business landscape.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Industrial production rises 1.8% in November on growth in manufacturing sector after 3 months of contraction

The industrial production is back in the positive zone as it increased 1.8 percent in November after three months of contraction on account of growth in the manufacturing sector, according to government data which was released on Friday. The Index of Industrial Production (IIP) contracted by 1.4 percent in August, 4.3 percent in September and 4 percent (revised) in October last year. The factory output had grown by 0.2 percent in November 2018.

#BreakingNews | IIP for November comes in at 1.80% Vs CNBC-TV18 poll of 0.93%#IIP pic.twitter.com/cImSARYpHC

— CNBC-TV18 (@CNBCTV18Live) January 10, 2020

Industrial production, or factory output, is the closest approximation for measuring the economic activity of the country’s business landscape. According to the National Statistical Office (NSO) data, the growth in the manufacturing sector was 2.7 percent as against a contraction of 0.7 percent in the same month last year. Electricity generation turned negative (-) 5 percent as against a growth of 5.1 percent in November 2018. Mining sector output decelerated to 1.7 percent from 2.7 percent in the year ago month. The IIP growth during April-November period of the current fiscal came in at 0.6 percent, down from 5 percent in the same period of 2018-19. The data for the November month further revealed that production of capital goods, a barometer of investment, contracted by 8.6 percent. This compares with a contraction of 4.1 percent in November 2018. [caption id=“attachment_5154751” align=“alignleft” width=“380”]Representational image. Reuters. Representational image. Reuters.[/caption] Also, there was a contraction of 3.5 percent in the infrastructure and construction goods segment. While consumer durables output was in the negative territory, the consumer non-durable segment or FMCG goods recorded a small growth of 2 percent (against a contraction of 0.3 percent in November 2018). As per the NSO data, 13 out of the 23 industry groups in the manufacturing sector showed positive growth during November 2019 as compared to the corresponding month of the previous year. Commenting on the data, Rumki Majumdar, Economist, Deloitte India said the latest IIP numbers came as a relief to the market and policy makers as the activity in the industry sector showed some traction. On a month-on-month basis, growth has been broad-based with capital and durable goods showing considerable improvement, Majumdar said, and added that relative to the previous year, growth in manufacturing has been impressive, although it could not build on the past month’s growth momentum. Karan Mehrishi, the Lead Economist at Acuité Ratings & Research, said, “Minor recovery in the IIP is a function of a favourable base effect, which will continue to benefit until the end of the financial year. On these lines, manufacturing, which was contracting continuously for the previous three months has received a fillip from the contraction in November 2018 (base year). Segments without such benefit are maintaining their negative outlook, baring consumer non-durables (use-based).” The industry group ‘manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ has shown the highest positive growth of 23.2 percent followed by 12.9 percent in ‘manufacture of basic metals’. On the other hand, the industry group ‘other manufacturing’ has shown the highest negative growth of (-) 13.5 percent followed by (-) 12.6 percent in ‘manufacture of motor vehicles, trailers and semi-trailers’. (With PTI inputs)

Tags
NewsTracker IIP Capital goods consumer goods manufacturing MINING electricity Industrial production consumer durables Index of industrial production factory output IIP growth NSO
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV