October IIP shocks, dips 5.1 percent

Among sectors, manufacturing and mining posted declines of 7.2 percent and 6 percent, respectively, from a year ago

FP Staff December 12, 2011 11:20:18 IST
October IIP shocks, dips 5.1 percent

The Index of Industrial Production for October contracted 5.1 percent from a year ago. Last year, the index gained 11.3 percent in October.

Among sectors, manufacturing and mining posted declines of 7.2 percent and 6 percent, respectively, from a year ago. Electricity was the only sector that posted an increase of 5.6 percent.

October IIP shocks dips 51 percent

Reuters

Among user industries, a contraction was visible across the board. Capital goods output shrank a shocking 25.5 percent from a year ago, while intermediate goods production also fell 4.7 percent.

Basic goods, consumer goods, consumer durables and consumer durables also logged in marginal declines.

For the IIP press release and tables, click here.

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