Industrial Growth Remains Subdued, July IIP at 0.1 Percent

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Growth in factory output, as measured by the index of industrial production (IIP), was 3.7 percent in July last year, and 6.1 percent in the April-July period in 2011-12.

The manufacturing sector, which constitutes over 75 percent of the index, witnessed a contraction in output by 0.2 percent in July, as against growth of 3.1 percent in the same month last year.

The performance of the manufacturing sector in April-July was poor as output contracted by 0.6 percent, as against a growth of 6.5 percent in the four-month period of last year.

The capital goods production also down by 5 percent in July against a contraction of 13.7 percent in the same month a year ago.

The output of capital goods contracted in April-July period by 16.8 percent, as against a growth of 8.2 percent in 2011-12.

Mining output in July dipped by 0.7 percent, as against a growth of 0.7 percent in the same month a year ago.

The sector's production in April-July quarter declined by 0.9 percent, compared to a growth of 0.6 percent in 2011-12.

Consumer goods production was up 0.75 percent in July as compared to 6.4 percent growth in the same month last year. During the April-July period of this fiscal, the growth in the segment was 3.3 percent, compared to 4.9 percent in the four month period a year ago.