|
|
|
Industrial deceleration eases in August
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 12 Oct, 2020
India's industrial activity showed signs of a rebound as August
deceleration rate in factory output eased on a sequential basis,
official data showed on Monday.
However, the Covid-19 pandemic continued to subdue India's factory output on a year-on-year basis.
As
per the Quick Estimates of Index of Industrial Production (IIP), the
contraction in factory output eased to (-) 8 per cent in August from (-)
10.77 per cent reported for July and (-) 1.4 per cent recorded during
the corresponding period of the previous fiscal.
The Ministry of
Statistics and Programme Implementation's estimates document said that
the current index readings should not be compared with those of the
months preceding the Covid-19 pandemic.
"With the gradual
relaxation of restrictions, there has been a relative improvement in the
economic activities by varying degrees as well as in data reporting,"
it said.
The IIP for mining, manufacturing and electricity sectors for J uly 2020 stood at 83, 117.4 and 162.7 respectively.
In
August, the manufacturing production de-grew by (-) 8.6 per cent from
(-) 1.7 per cent reported for the corresponding month of last year.
Similarly, electricity generation contracted by (-) 1.8 per cent from (-) 0. 9 per cent during August 2019.
The mining output declined by (-) 9.8 per cent on a YoY basis.
Furthermore,
the data on a YoY basis showed that manufacturing of primary goods
de-grew by (-) 11.1 per cent, capital goods by (-) 15.4 per cent, and
intermediate goods (-) 6.8 per cent.
Similarly, the production of
infrastructure or construction goods contracted by (-) 2.3 per cent and
consumer durables by (-) 10.3 per cent.
Consumer non-durables showed a growth of (-) 3.3 per cent.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|