September 25, 2022
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Industrial production data to be released on Monday

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NEW DELHI: The federal government will on Monday night launch the keenly-watched manufacturing facility output information for the month of July. The manufacturing facility output measured by way of Index of Industrial Manufacturing (IIP) grew 12.3 per cent in June this 12 months, remaining in double digit for second month in a row because of base impact.
Industrial manufacturing grew by 13 per cent in August final 12 months. Thereafter, the IIP progress remained beneath 4.4 per cent (in September) and touched the bottom stage of 1 per cent in November in addition to December final 12 months.
The IIP progress was 2 per cent in January, 1.2 per cent in February and a pair of.2 per cent in March.
The industrial output progress picked tempo at 6.7 per cent in April, the primary month of present fiscal 12 months 2022-23 and touched double digit at 19.6 per cent in Could 2022.
The IIP progress was recorded at 27.6 per cent in Could final 12 months, primarily as a result of low-base impact.
This macroeconomic information is necessary for policymakers because it showcases the present state of producing, mining and different necessary sectors.
Releasing the IIP data for June final month, Ministry of Statistics and Programme Implementation had mentioned the expansion charges over corresponding interval of earlier 12 months are to be interpreted contemplating the bizarre circumstances on account of the pandemic since March 2020.
The Fast Estimates of IIP are launched on the twelfth of each month (or earlier working day if twelfth is a vacation) with a six-week lag.
They’re compiled from information obtained from supply companies, which in flip obtain the inputs from the manufacturing factories/ institutions.

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