Manufacturing growth slips in negative territory in February

As per the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2019, the overall growth remained flat with a negligible 0.1 percent jump. The cumulative growth for the period April-February 2018-19 over the corresponding period of the previous year stands at 4.0 percent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2019 stood at 112.3, 129.3 and 137.7 respectively, with the corresponding growth rates of 2.0 percent, (-) 0.3 percent and 1.2 percent as compared to February 2018. The cumulative growth in these three sectors during April-February 2018-19 over the corresponding period of 2017-18 has been 3.0 percent, 3.8 percent and 5.5 percent respectively.

In terms of industries, ten 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 February 2019 as compared to the corresponding month of the previous year.

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