Apr 12, 2013, 11.48 AM IST
The industrial output numbers for the month of February has come in better-than expected at 0.6 percent against an expectation of a contraction.
The industrial output (IIP) numbers for the month of February has come in better-than expected at 0.6 percent against an expectation of a contraction. The bounce in the industrial output has come due to contribution from consumer goods sector, which turned positive for the first time in a year at 0.5 percent.. A CNBC-TV18 poll had estimated the number to be at a negative 1.7 percent.
Barring consumer goods, all other constitiuents of industrial output basket have declined. Mining sector, electricity and consumer non-durables growth continue to disappoint. Manufacturing growth fell to 2.2 percent versus 4 percent year-on-year. However, in the April-February period, industrial production grew at an annual rate of 0.9 percent.
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