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September IIP: India’s industrial output climbs 3.1%

September IIP: India’s industrial output climbs 3.1%

September IIP: India’s industrial output climbs 3.1%
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By Asmita Pant  Nov 11, 2022 5:59:37 PM IST (Updated)

The government will release the September index of industrial production data today i.e. November 11. According to a CNBC-TV18 poll, the growth is seen at 2.4 percent against a decline of 0.8 percent reported in August.

India's industrial growth increased to 3.1 percent in September, as per the Index of Industrial Production (IIP). The CNBC-TV18 poll had pegged the industrial growth at 2.36 percent.

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The industrial growth had declined by 0.8 percent in August and 3.3 percent in the year-ago period.
Here's how various sectors performed in July and August
SectorJulyAugust
Mining-3.4%-3.9%
Manufacturing3.2%-0.7%
Electricity2.3%1.4%
Primary Goods2.5%1.7%
Capital Goods5.8%5%
Infra Goods3.9%1.7%
Consumer Durable Goods2.4%-2.5%
Consumer Non-durables-2%-9.9%
In August, the IIP declined by 0.8 percent to an 18-month low, down from 2.4 percent in the preceding month. The electricity sector was the only one that reported an output increase. Mining and manufacturing fell by 3.9 percent and 0.7 percent, respectively, year-on-year.
IIP is used to measure the manufacturing activity in various sectors of an economy. IIP measures the amount of industrial production for the period under review — September, in this case — compared with a reference period. This macroeconomic data shows the state of various critical economic sectors.
The government will release the consumer price index (CPI) and wholesale price index (WPI) data for October on November 14. CPI in October is seen at 6.7 percent against 7.4 percent in the preceding month and 4.5 percent in the year-ago period. The October WPI is seen at 8.4 percent against 10.7 percent in the preceding month and 13.8 percent in the year-ago period.
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