Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (8248)	10/12/1999 6:20:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Industrial output up 6.3% in August, electricity & manufacturing grew by 10.9% (Wednesday, October 13, 1999) Our Economy Bureau in New Delhi-Bs The index of industrial production recorded a growth of 6.3 per cent in August against the previous corresponding period on account of buoyancy in the consumer durables and capital goods sectors. Production in the electricity and manufacturing sectors grew by 10.9 per cent and 6.1 per cent, respectively, while mining output went up by 1.9 per cent in August compared with the same month last year. Quick estimates released by the Central Statistical Organisation put the average growth in industrial production between April and August at 6 per cent compared with 4.2 per cent registered in the same period last year. The manufacturing sector, accounting for four-fifths of the weight of IIP, grew by 6.7 per cent in the same period against 4.2 per cent in 1998-99. The mining sector, however, continued to show a negative growth of 0.3 per cent in April-August and the growth in electricity output decelerated to 6.1 per cent from 8.7 per cent last year. As per use-based classification, consumer durables grew at the rate of 12.3 per cent, while consumer non-durables grew by 2.9 per cent in August. Capital goods posted a growth of 10.4 per cent in the same period. Basic goods grew by 6.7 per cent in August and by 4.2 per cent for April-August period. Intermediate goods grew by 6 per cent in August against an average of 9.1 per cent for the first five months of the fiscal. Eleven of the 17 two-digit industry groups have shown positive growth during August compared with the previous corresponding period. Machinery and equipment, other than transport equipment, have posted the highest growth of 20 per cent. Paper and paper products and printing, publishing and allied industries grew 17.6 per cent and non-metallic mineral products grew 15.9 per cent. Other manufacturing industries have shown a negative growth of 14.1 per cent followed by 6.9 per cent for metal products and parts except machinery and equipment. Rubber, plastic, petroleum and coal products have posted a -4.8 per cent growth.