Industrial growth slows down to 9.6 per cent in June
11 Aug 2006
Mumbai: Industrial growth in the country slowed down to 9.6 per cent in June 2006 against 12.2 per cent in the same month of the previous year. For the first quarter of the current financial year (April-June 2006-07), the index of industrial production (IIP) grew 10.1 per cent compared to 10.4 per cent in the same quarter of the previous fiscal.
Of
the 17 industry groups, 13 showed positive growth during
June 2006. Manufacturing industries recorded the highest
growth of 25.8 per cent, followed by transport equipment
and parts (22.9 per cent) and basic metal and alloy industries
(29.5 per cent).
Industries coming under the group `wood and wood product and furniture and fixtures' posted a negative growth of 25.5 per cent, followed by leather and leather products (7.7 per cent) and food products (2.1 per cent). The basic goods sector grew at 8.4 per cent in June this year compared to 8.6 per cent in the same month last year.
The capital goods sector recorded a strong growth at 23.7 per cent in June this year against 13.5 per cent while intermediate goods recorded a growth of 9.9 per cent against 4.2 per cent in June last year.
Consomer
goods sector saw the steepest fall in June this year at
5.9 per cent against 23.7 per cent in the same month of
the previous year. Growth in the consumer durables sector
was up at 19.9 per cent against 12.8 per cent last year
while consumer non-durables sector grew by a mere 1.5
per cent against 27.5 per cent in June 2005.