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24 May, 2018 21:39 IST
Industrial production eases to 1.7% in May'17
Source: IRIS | 12 Jul, 2017, 06.58PM
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Industrial production, as represented by Index of Industrial Production (IIP) for the month of May 2017 stands stands at 124.3, which is 1.7 percent higher as compared to the level in the month of May 2016. The cumulative growth for the period April-May 2017 over the corresponding period of the previous year stands at 2.3 percent.

The Indices of Industrial Production for the mining, manufacturing and electricity sectors for the month of May 2017 stand at 100.5, 125.1 and 158.7 respectively, with the corresponding growth rates of (-) 0.9 percent, 1.2 percent and 8.7 percent as compared to May 2016.

In terms of industries, twelve out of the twenty three industry groups (as per 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of May 2017 as compared to the corresponding month of the previous year.

As per Use-based classification, the growth rates in May 2017 over May 2016 are 3.4 percent in Primary goods, (-) 3.9 percent in Capital goods, 0.7 percent in Intermediate goods and 0.1 percent in infrastructure/ construction goods.

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