With good performance in key sectors, mostly in mining and power, India's industrial production grew 5.9 per cent in May this year, while India’s consumer inflation in June 2024 stood at 5.08 per cent against 4.
8 per cent in May. However, the June inflation is the highest in four months, two government data showed on Friday. As per the data released by the National Statistical Office (NSO), the factory output measured in terms of the index of industrial production or IIP witnessed 5.
9 per cent in May 2024 against a growth of 5.7 per cent in May last year. “During April-May this fiscal, the IIP grew 5.
4 per cent as compared to 5.1 per cent in the year-ago period,” the NSO data showed. Beating the estimates, India's industrial output grew substantially in some of the sectors year-on-year (YoY) basis in May, while the consensus estimates were at 4.
9 per cent for the said month. “The mining production rose to 6.6 per cent and power output up by 13.
7 per cent, while the manufacturing output slowed to 4.6 per cent in May 2024 against 6.3 per cent in the year-ago period,” the data showed.
According to the use-based classification, in May 2023 the capital goods segment grew by 2.5 per cent in the said month this year, but it expanded by 8.1 per cent in the same month of last year.
“The output of consumer durables surged by 12.3 per cent during May compared to a marginal growth of 1.5 per cent in 2023,” the data showed.
“The output of non-durable consumer goods grew by.