New Delhi: Industrial output rose higher-than-expected in January at 6.8 per cent buoyed by an increase in production of non durable goods even as the capital goods and mining sectors continued to decline, compared to 1.8 in December 2011. The comparative figure was 7.5 per cent in January 2011.
The consumer non-durable goods sector saw a growth of 42.1 per cent versus 5 per cent, year-on-year. However, the capital goods growth remained a sore point as the figure dropped to negative 1.5 per cent compared to 5.3 per cent growth same period last year.
Analysts on average had expected a rise of 2.1 per cent, a CNBC-TV18 poll showed. The January figure compares with December's provisional increase of 1.8 per cent.
Manufacturing output, which constitutes about 76 per cent of industrial production, rose 8.5 per cent from a year earlier, the statistics office said.
During April-January, industrial production expanded 4.0 per cent. Output grew 7.8 per cent in the 2010-11 fiscal year that ended in March, below the 10.5 per cent clocked the year before.
The mining sector of the economy grew at (-) 2.7 per cent in January versus (-) 3.7 per cent in December.
####
Comments
0 comment