NEW DELHI: Sarkar will release the eagerly-watched on Monday evening factory output data for the month of July. Factory production measured with reference to the index of industrial production (IIP) grew 12.3 per cent in June this year, remaining in double digits for the second consecutive month due to the base effect.
Industrial production grew by 13 per cent in August last year. anymore, IIP growth 4.4 per cent (in September) and touched an all-time low of 1 per cent in November as well as in December last year.
IIP growth was 2 per cent in January, 1.2 per cent in February and 2.2 per cent in March.
industrial production growth In the first month of the current financial year 2022-23, it grew at a pace of 6.7 per cent in April and reached double digits at 19.6 per cent in May 2022.
IIP growth was recorded at 27.6 per cent in May last year, mainly due to the low base effect.
This macroeconomic data is important to policy makers as it reflects the current state of manufacturing, mining and other important sectors.
to issue IIP data Last month for June, the Ministry of Statistics and Program Implementation had said that in view of the unusual circumstances due to the pandemic from March 2020, the growth rate over the same period last year has to be interpreted.
Quick Estimates of IIPs are released on 12th of every month (or previous working day if 12th is a holiday) with an interval of six weeks.
They are compiled from the data received from the source agencies, who in turn receive inputs from the producing factories/establishments.
Industrial production grew by 13 per cent in August last year. anymore, IIP growth 4.4 per cent (in September) and touched an all-time low of 1 per cent in November as well as in December last year.
IIP growth was 2 per cent in January, 1.2 per cent in February and 2.2 per cent in March.
industrial production growth In the first month of the current financial year 2022-23, it grew at a pace of 6.7 per cent in April and reached double digits at 19.6 per cent in May 2022.
IIP growth was recorded at 27.6 per cent in May last year, mainly due to the low base effect.
This macroeconomic data is important to policy makers as it reflects the current state of manufacturing, mining and other important sectors.
to issue IIP data Last month for June, the Ministry of Statistics and Program Implementation had said that in view of the unusual circumstances due to the pandemic from March 2020, the growth rate over the same period last year has to be interpreted.
Quick Estimates of IIPs are released on 12th of every month (or previous working day if 12th is a holiday) with an interval of six weeks.
They are compiled from the data received from the source agencies, who in turn receive inputs from the producing factories/establishments.