India Dec industrial growth 7.6% vs 13.4% year ago

[K.Karthik Raja]

India Dec industrial growth 7.6% vs 13.4% year ago
NEW DELHI - India's industrial growth slowed down to 7.6% in
December from 13.4% a year ago, the Central Statistical Organisation
said today. The country's industrial growth was 5.1% a month earlier.
The slowdown in growth is mainly on account of statistical effect
of a
high base and slower growth in the output of consumer durable goods.
Industrial growth in December is above consensus estimates.
According to poll of 12 analysts, the growth was seen at 7.3%.
Growth in manufacturing output, which accounts for almost four-
fifth of the total weight of the Index of Industrial Production, in
December, grew 8.4% compared with 14.5% a year ago.
Within manufacturing, output of capital goods rose 16.6% in
December and consumer durable goods rose 2.2%.
Industrial growth during Apr-Dec--the first eight months of
2007-08--was 9.0%, compared with 11.2% in the same period last year.
In December, electricity generation and mining output grew 3.8%
and 3.0%, respectively.
The CSO, statisticians to the government, detailed the IIP for
December and Apr-Dec as follows (year-on-year change in per cent):
.
Dec Dec
2007 2006
Total industry output 7.6 13.4
Mining 3.0 6.1
Electricity 3.8 9.1
Manufacturing output 8.4 14.5
of which
Basic Goods 3.1 12.4
Capital Goods 16.6 26.2
Intermediate goods 7.2 12.7
Consumer goods 8.7 10.7
of which
Consumer durables 2.2 1.8
Consumer non-durables 10.6 13.5
.
Apr-Dec Apr-Dec
2007-08 2006-07
Total industry output 9.0 11.2
Mining 4.9 4.4
Electricity 6.6 7.5
Manufacturing output 9.6 12.2
of which
Basic Goods 7.8 9.8
Capital Goods 20.2 18.6
Intermediate goods 9.6 11.3
Consumer goods 5.8 9.9
of which
Consumer durables (-) 1.3 11.2
Consumer non-durables 8.4 9.5

[K.Karthik Raja]

[K.Karthik Raja]