Highlights: Dec IIP grows 1.6% (YoY)

Industrial output in December rose a slower-than-expected 1.6% as against 2.7% in November.

• November industrial growth has been revised to 3.6% as against the provisional figue of 2.7%.
• April-December IIP has been kept unchanged at 8.6% (YoY).
• The manufacturing sector grew 1% in December versus 19.6% (YoY).
• The mining sector recorded a 3.8% growth during the month versus 11.1% (YoY).
• The electricity sector grew at 6% in December as against 5.4% (YoY).
• December consumer non-durables growth stood at -1.1% versus 3% (YoY).
• Capital goods growth in December came in at -13.7% versus 42.9% (YoY).
• Intermediate goods grew only 6.6% during the month as against 23.5% (YoY)
• Consumer good grew at 3.9% in December versus 10.4% (YoY)
• December consumer durable goods growth stood at 18.5% as against 41% (YoY)