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For the April-December interval, it grew by 5.4 per cent.
“For the month of December 2022, the Fast Estimates of Index of Industrial Manufacturing (IIP) with base 2011-12 stands at 144.7. The Indices of Industrial Manufacturing for the Mining, Manufacturing and Electrical energy sectors for the month of December 2022 stand at 132.2, 143.5 and 179.4 respectively,” said the discharge.
As per the IIP knowledge launched by the Nationwide Statistical Workplace (NSO), the manufacturing sector’s output grew by 2.6 per cent in December.
The mining output rose by 9.8 per cent and energy technology elevated by 10.4 per cent in the course of the month below evaluation.
The first and capital items segments grew by 8.3 per cent and seven.6 per cent respectively in December. In the meantime, intermediate items contracted by 0.3 per cent.
Shopper durables phase recorded a ten.4 per cent contraction. In the meantime, non-durables grew by 7.2 per cent.The Fast Estimates of Index of Industrial Manufacturing (IIP) are often launched on twelfth of each month with a six weeks lag and compiled with knowledge acquired from supply businesses, which in flip obtain the information from the manufacturing factories/institutions.
