India Industrial Production contracts 0.8 percent in August

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By  India Blooms News Service   Oct 12, 2022

New Delhi: Indias Industrial Production contracted 0.8 percent in August, as per government data released on Wednesday.

For the month of August 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 131.3.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2022 stand at 99.6, 131.0 and 191.3 respectively.

These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 129.4 for Primary Goods, 95.7 for Capital Goods, 145.6 for Intermediate Goods and 150.8 for Infrastructure/ Construction Goods for the month of August 2022. Further, the indices for Consumer durables and Consumer non-durables stand at 118.6 and 133.6 respectively for the month of August 2022.

Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

Along with the Quick Estimates of IIP for the month of August 2022, the indices for July 2022 have undergone the first revision and those for May 2022 have undergone final revision in the light of the updated data received from the source agencies.

The Quick Estimates for August 2022, the first revision for July 2022 and the final revision for May 2022 have been compiled at weighted response rates of 90 percent, 92 percent and 94 percent respectively.