Nov IIP growth weak at 2.7% MoM

Industrial output growth has slowed down to 2.7% (MoM) in the month of November. According to a CNBC-TV18 poll it was expected to be at 6.29% (YoY).

Manufacturing output , which constitutes about 80% of the industrial production, rose an annual 2.3% in November, the federal statistics office said in a statement.

Industrial output rose 10.4% in the 2009/10 financial year (April-March), faster than the 2.8% clocked in the previous fiscal year.

The Indian economy has expanded at an annual rate of more than 8% in the last three quarters, riding on strong manufacturing that contributes around 80% of the industrial output.

Here is the table of comparative index:

• Nov Capital Goods Growth At 12.6% Vs 11% (YoY)
• Nov Mfg Sector Growth At 2.3% Vs 12.3% (YoY)
• Nov Mining Sector Growth At 6% Vs 10.7% (YoY
• Nov Electricity Growth At 4.6% Vs 1.8% (YoY)
• Nov Consumer Goods Growth At -3.1% Vs 10.1% (YoY)
• Nov Consumer Durable Goods Growth At 4.3% Vs 36.3% (YoY)
• Nov Consumer Non-Durable Goods Growth At -6% Vs 2.3% (YoY)
• Nov Intermediate Goods Growth At 2.4% Vs 19.4% (YoY)
• Nov Basic Goods Growth At 4.5% Vs 6% (YoY)