Here are some of the key highlights of the IIP announcement on 11 August.
· IIP for Jun-20 continued to contract for the fourth month in succession.
· Jun-20 IIP contraction at -16.6% was surely an improvement over April and May.
· Manufacturing IIP showed good momentum although it was still in contraction
· Manufacturing is nearly 77.6% of IIP and hence makes a huge impact.
· In terms of user industries analysis, consumer non-durables showed positive growth
· Infrastructure and capital goods saw deep cuts limiting the multiplier effect
· Mining and Electricity remained in negative growth zone due to supply chain issues
· IIP has been hampered by capacity utilisation at just 68%.
Here are some of the key highlights of the IIP announcement on 11 August.
· IIP for Jun-20 continued to contract for the fourth month in succession.
· Jun-20 IIP contraction at -16.6% was surely an improvement over April and May.
· Manufacturing IIP showed good momentum although it was still in contraction
· Manufacturing is nearly 77.6% of IIP and hence makes a huge impact.
· In terms of user industries analysis, consumer non-durables showed positive growth
· Infrastructure and capital goods saw deep cuts limiting the multiplier effect
· Mining and Electricity remained in negative growth zone due to supply chain issues
· IIP has been hampered by capacity utilisation at just 68%.