Industrial Production (IIP) Data News: Government Releases Factory Output Data For September 2021: IIP At 3.1%

The index of business manufacturing (IIP) in September stood at 127.9. The commercial manufacturing index in the course of the April-August interval of the present fiscal grew 23.5 per cent, in comparison with a de-growth of 20.8 per cent within the year-ago interval.

The indices for the mining, manufacturing, and electrical energy sectors for September 2021 stand at 95.1, 129.9 and 167.9, respectively, in keeping with the commercial manufacturing information launched by the Ministry of Statistics and Programme Implementation right this moment.

Industrial manufacturing – or the manufacturing facility output, gauged by the commercial manufacturing index, slipped to three.1 per cent in September, in comparison with 11.9 per cent in August – as a consequence of low base impact. Whereas industrial manufacturing rose to three.1 per cent in September, in comparison with one per cent within the year-ago interval.

The manufacturing sector, which includes 77.63 per cent of the index of business manufacturing, grew 2.7 per cent in September. The mining output additionally climbed 8.6 per cent and electrical energy grew by 0.9 per cent.

The output of capital items – a barometer of funding, grew 1.3 per cent in September, in comparison with a de-growth of 1.2 per cent in August 2020. Client durables registered a de-growth of two per cent, in comparison with a development of 5.3 cent within the year-ago interval.

Client non-durable items additionally registered a de-growth of 0.5 per cent in September 2021, in comparison with a development of two.4 per cent within the year-ago interval.

Separate authorities information on Friday confirmed that the retail inflation in October 2021 rose to 4.48 per cent from 4.35 per cent in September, on rise in gas costs, with the meals inflation at 0.85 per cent.

The nation’s output of the eight core sectors – also referred to as the infrastructural output, grew 4.4 per cent in September 2021, in keeping with authorities information launched on October 29.

The eight core industries encompass 40.27 per cent of the load of things which are included within the industrial output or the IIP. The expansion within the infrastructure output was principally led by the pure fuel, coal, and cement sectors.

“Whereas the sharp deceleration in IIP development is especially due to the bottom impact, even on a sequential foundation the IIP has proven a decline and it is a reason behind concern. Whereas the infrastructure sector has proven a sequential decline, the silver lining is that on a MoM foundation the patron items section, particularly the patron durables sector has proven a robust enchancment,” stated Ms. Rajani Sinha, Chief Economist & Nationwide Director – Analysis, Knight Frank India.