Industrial outlay expansion slows to 2.1% in June

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New Delhi: Industrial outlay grew by 2.1 percent in June, nonetheless down from 4.2 percent a year ago, on comment of bad uncover by prolongation and complicated contraction in collateral products production.

On accumulative basis, a bureau outlay in a April-June entertain grew by 0.6 percent compared to 3.3 percent expansion in a year-ago period.

The Jun expansion was however aloft than 1.1 percent (revised from 1.2 percent provisionally) in May.
Factory output, totalled in terms of a Index of Industrial Production (IIP), showed that a prolongation zone that constitutes over 75 percent of a index saw a scanty expansion of 0.9 percent in Jun compared to 5.2 percent a year ago.

ReutersReuters

Reuters

For a April-June quarter, this sector’s outlay showed contraction by 0.7 percent, as opposite a expansion of 3.7 percent a year ago.

The collateral products outlay purebred a high decrease of 16.5 percent in Jun over a contraction of 2 percent in final year. In April-June, a prolongation of these goods, that are deliberate as barometer for investment, declined by 18 percent compared to a expansion of 2 percent in year ago period.

Growth in outlay of consumer durables decelerated to 5.6 percent in Jun compared to 16.1 percent a year ago. The consumer non-durable products also available low expansion of 1 percent in Jun compared to 2.3 percent a year ago.

Overall, consumer products prolongation available a expansion 2.8 percent in Jun compared to 7.2 percent a year ago. However, a energy era available an considerable expansion of 8.3 percent in Jun compared to 1.2 percent in a same month a year ago.

The mining zone available a expansion of 4.7 percent in Jun year as opposite a contraction of 0.4 percent a year ago. In terms of industries, 18 out of 22 attention groups in a prolongation zone have shown certain expansion during a month of June.

As per Use-based classification, a expansion rates in Jun 2016 over Jun 2015 are 5.9 percent in Basic goods, (-)16.5 percent in Capital products and 6.1 percent in Intermediate goods.

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