Coal news and updates

Aug IIP up 0.4%, rises 2.8% for 1st 5 months

October 13: India’s index of industrial production (IIP) with base 2004-05 rose by 0.4% in August and stood at 166.1, showing an overall growth of 2.8% during the first five months (April-August) of 2014-15, according to a quick estimate by the government.

An official release said the indices of Industrial Production for the mining, manufacturing and electricity sectors for the month of August 2014 stood at 116.6, 172.9 and 184.1 respectively, with the corresponding growth rates of 2.6% (-) 1.4% and 12.9% as compared to August 2013.

The cumulative growth in the three sectors during April-August, 2014-15 over the corresponding period of 2013-14 has been 2.5%, 1.8% and 11.7% respectively, the data said.

In terms of industries, 11 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of August 2014 as compared to the corresponding month of the previous year.

Capital goods production, a barometer of demand, contracted 11.3% to 217.4 in August, 2014 compared to a provisional contraction of 2% at 245.0 in the same month of last year.

The cumulative growth for April-August, 2014-15 over the corresponding period of the previous year stood at 4.3% against a provisional growth of 0.7% in the same period of 2013-14.

The consumer durables segment too contacted by 15% in August, 2014 at 218.7 as compared to a negative growth of 8.3% at 257.4 in the same month of the previous year.

The cumulative growth of the sector for April-August, 2014-15 stood at negative 12.9% as compared to a negative growth of 11.2% in the corresponding period of the previous year.

The consumer non-durables segment contracted by 0.9% in August, 2014 and grew by 0.9% during April-August, 2014-15 as against a growth of 5.4% in August 2013 and 6.8% in April-August, 2013-14, the data added.