IIP: Industrial Output Rose 1.7% In February But Fell Sequentially
India's industrial output fell over a month ago with most components seeing a drop in output sequentially.
India’s factory output continued to pick up pace in February.
The Index of Industrial Production rose 1.7% in February compared to a revised estimate of 1.5% in January, the data published by the Ministry of Statistics and Programme Implementation on Tuesday showed.
32 economists polled by Bloomberg had forecast February IIP growth at 2.7%.
Month-on-month, the index fell 4.7%.
Sectoral Estimates
Mining output rose 4.5% over a year ago. It was 1.2% lower compared to the previous month.
Manufacturing output rose 0.8% over a year ago. Output fell sharply over a month ago by 5.5%
Electricity generation rose 4.5% over a year ago but fell 2.9% over a month ago.
Industrial output, as classified by the end-use of goods, showed a decline in consumer durables and consumer non-durables over a year ago.
Primary goods output rose 4.6% over a year ago. It fell 4.2% over a month ago.
Capital goods output rose 1.1% over a year ago but was flat compared to a month ago.
Intermediate goods output rose 4.3% over a year ago but was down 4.5% over a month ago.
Infrastructure and construction goods output rose 9.4% over a year ago but fell 3.9% over a month ago.
Consumer durables output fell 8.2% over a year ago and 4% over a month ago.
Consumer non-durables output fell 5.5% over a year ago and 8.8% over a month ago.