New Delhi Factory output, based on the Index of Industrial Production (IIP), dipped to a three-month low of 1.2 per cent in May, compared to 2.7 per cent in April.
Key headlights:
The growth rates of the three sectors, Mining, Manufacturing and Electricity, for May are (-)0.1 per cent, 2.6 per cent and (-)5.8 per cent respectively.
Within the manufacturing sector, 13 out of 23 industry groups at the NIC 2 digit-level have recorded positive growth in May 2025 over May 2024. The top three positive contributors for May are – “Manufacture of basic metals” (6.4%), “Manufacture of machinery and equipment n.e.c.” (11.8 per cent) and “Manufacture of other non-metallic mineral products” (6.9 per cent).
In the industry group “Manufacture of basic metals”, item groups “MS blooms/ billets/ ingots/ pencil ingots”, “MS slabs” and “Flat products of Alloy Steel” have shown significant contribution in growth.
In the industry group “Manufacture of machinery and equipment n.e.c.”, item groups “Separators including decanter centrifuge”, “Pumps of all types”, and “Stationary and internal combustion piston engines not for motor vehicles” have shown significant contribution in growth.
In the industry group “Manufacture of other non-metallic mineral products”, item groups “Cement- all types”, “Cement Clinkers”, and “Glassware” have shown significant contributions to growth.
The corresponding growth rates of IIP as per Use-based classification in May 2025 over May 2024 are (-)1.9 per cent in Primary goods, 14.1 per cent in Capital goods, 3.5 per cent in Intermediate goods, 6.3 per cent in Infrastructure/ Construction Goods, (-) 0.7 per cent in Consumer durables and (-)2.4 per cent in Consumer non-durables (Statement III). Based on the use-based classification, the top three positive contributors to the growth of IIP for May 2025 are Infrastructure/construction goods, Capital goods, and Intermediate goods.