With 17 of the 22 industry groups in the manufacturing sector showing a positive growth, the industrial output in October recorded a five-year high of 9.8 per cent year-on-year.
The higher growth was on account of a favourable base, as October 2014 registered a negative growth 2.7 per cent, as well as the pre-festive season ramp up in output.
The industrial output in September 2015 was 3.6 per cent.
The growth logged between April and October this year over the corresponding period of the previous fiscal was 4.8 per cent.
Mining recorded 4.7 per cent year-on-year growth (versus 3 per cent in September), while manufacturing output was 10.6 per cent for the month (versus 2.6 per cent in September). Electricity output was seen at 9 per cent in October (versus 11.4 per cent last month).
The cumulative growth in these three sectors during April-October 2015 over the corresponding period of 2014 has been 2 per cent, 5.1 per cent and 5.2 per cent respectively.
Furniture manufacturing segment has shown the highest positive growth of 138.9 per cent, followed by 48.4 per cent in ‘office, accounting and computing machinery’ and 47.5 per cent in ‘radio, TV and communication equipment and apparatus’.
However, the industry group ‘Publishing, printing & reproduction of recorded media’ registered the highest negative growth of (-) 10.2 per cent, followed by (-) 6.8 per cent in ‘Medical, precision & optical instruments, watches and clocks’ and (-) 2.9 per cent in ‘Coke, refined petroleum products & nuclear fuel’.
Basic goods grew 4.1 per cent, while capital goods registered 16.1 per cent growth and intermediate goods 6.7 per cent.
Consumer durables and non-durables recorded a growth of 42.2 per cent and 4.7 per cent respectively, with the overall growth in consumer goods being 18.4 per cent.
Current Affairs: 12th December, 2015 Current Affairs: 11th December, 2015 Current Affairs bullet points Round up 1st to 6th December, 2015 Current Affairs Round up November, 2015.
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