The Hindu Business Line : Industrial output grows 14.4 pc in Nov

Buoyed by strong performance in manufacturing, mining and intermediate goods, the Index for Industrial Production (IIP) went up by 14.4 per cent in November 2006 compared to six per cent in November 2005, according to the official data released today.

Growth in the manufacturing sector stood at 15.7 per cent (seven per cent), while power generation grew by 8.7 per cent (3.4 per cent).

Mining output rose by seven per cent against negative 2.1 per cent in November 2005.

The cumulative growth during the April-November 2006 period stood at 10.6 per cent (8.3 per cent), a release said.

Manufacturing sector improved its performance by 11.5 per cent, compared to 9.4 per cent in the corresponding previous period.

During the April-November period, the mining sector grew by 3.8 per cent, compared to 0.5 per cent in the year-ago period.

Electricity generation advanced by 7.3 per cent, compared to five per cent.

As per user-based classification, the basic goods sector grew by 11.6 per cent in November 2006, capital goods by 25.3 per cent, intermediate goods sector by 16.7 per cent and consumer goods by 11.9 per cent.

In terms of industries, 16 out of the 17 industry groups showed positive growth during November 2006 compared to the corresponding previous period.

The Basic Metal and Alloy Industries industry group recorded the highest growth of 25.4 per cent, followed by the Rubber, Plastic, Petroleum and Coal Products group (23.2 per cent) and Transport Equipment and Parts (21.8 per cent).

On the other hand, the Metal Products and Parts industry group, except Machinery and Equipment, recorded negative growth of 1.5 per cent.