April IIP grows at lower-than-expected 2%

Moneycontrol Bureau

The industrial output for the month of April grew at a lower-than-expected 2 percent. A CNBC-TV18 poll of economists had expected April IIP to grow at 2.7 percent.

Manufacturing, which constitutes about 76 percent of industrial production, grew 2.8 percent from a year earlier, the statistics office said.

Capital goods production, a barometer for investments in the economy, grew an annual 1 percent from a year earlier.

April IIP Details:

• May CPI Rural Inflation Rate At 8.98% Vs 9.16% (MoM)
• May CPI Urban Inflation Rate At 9.65% Vs 9.73% (MoM)
• May CPI Combined Index At 129.2 Vs 128.1
• Manufacturing Sector Growth At 2.8% Vs 3.2% (MoM)
• Electricity Sector Growth At 0.7%% Vs 3.5% (MoM)
• Mining Sector Growth At -3% Vs -2.9% (MoM)
• Basic Goods Growth At 1.3% Vs 2.6% (MoM)
• Capital Goods Growth At 1% Vs 6.9% (MoM)
• Intermediate Goods Growth At 2.4% Vs -0.2% (MoM)
• Consumer Goods Growth At 2.8% Vs 1.6% Vs (MoM)
• Consumer Durables Growth At -8.3% Vs -4.5% (MoM)