News: Inflation is down, but so is industrial output January sees some growth Source-Business Line Source: Business Line Date: 12/03/09 Name: Amit Sethi

Data Regarding the News March 12 Industrial output showed a dip for the second month in a row, the decline being 0.5 per cent in January 2009. Led by a continuing downturn in the manufacturing and mining sectors, the overall output was marginally better than the minus 0.63 per cent clocked in December. For the first ten months of the current fiscal, industrial growth was recorded at three per cent (versus 8.7 per cent during April-January 2007-08)

March 12 Industrial output showed a dip for the second month in a row, the decline being 0.5 per cent in January 2009. Led by a continuing downturn in the manufacturing and mining sectors, the overall output was marginally better than the minus 0.63 per cent clocked in December.

For the first ten months of the current fiscal, industrial growth was recorded at three per cent (versus 8.7 per cent during April-January 2007-08)

Cont……… According to the latest official Index of Industrial Production (IIP) data released here on Thursday, the overall growth in manufacturing output, declined by 0.8 per cent and mining production by 0.4 per cent .

According to the latest official Index of Industrial Production (IIP) data released here on Thursday, the overall growth in manufacturing output, declined by 0.8 per cent and mining production by 0.4 per cent .

Data Regarding Food Products In terms of specific industries, 12 out of the 17 sectors showed a decline in growth in January. The biggest dip in production, at 16.1 per cent , was witnessed in the case of food products , followed by wood and wood products (15.2 per cent) and transport equipment and parts (13.4 per cent).

In terms of specific industries, 12 out of the 17 sectors showed a decline in growth in January.

The biggest dip in production, at 16.1 per cent , was witnessed in the case of food products , followed by wood and wood products (15.2 per cent) and transport equipment and parts (13.4 per cent).

Among those recording a growth, the production of machinery and equipment other than transport was up 17.5 per cent. Other positives to the industrial story include consumer goods, particularly durables, which showed a growth after a long time. Consumer durables and non-durables recorded a growth of 2.5 per cent and 0.7 per cent respectively , with the overall growth in consumer goods sector being 1.1 per cent.

Among those recording a growth, the production of machinery and equipment other than transport was up 17.5 per cent.

Other positives to the industrial story include consumer goods, particularly durables, which showed a growth after a long time.

Consumer durables and non-durables recorded a growth of 2.5 per cent and 0.7 per cent respectively , with the overall growth in consumer goods sector being 1.1 per cent.