Page 84 - ie2 August 2019

ECOWATCH

Inflationary trend for key manufactured products related to engineering

Name of the product/group Inflationary trend
Basic metal Falling
Mild steel-semi finished steel Falling

Fabricated metal products Falling
Electrical Equipment Slightly downward
Machinery and equipment Slightly upward
Motor vehicles, trailers and semi-trailers Rising

Other transport equipment Rising sharply

Industrial production

Industrial growth toppled in May 2019 from seven-month high in April
India’s industrial production, after reg- cline. Subdued performance of manufac- percent. Consumer non-durables and
istering year-on-year growth for 23 turing and mining sector dragged down infrastructure/construction goods on
straight months to April 2019, dropped the overall IIP growth in the month con- the other hand supported the overall IIP
in May 2019. IIP for April 2019 has been cerned. Electricity was the only sector to growth with impressive output growth.
revised upward to 4.3 percent from 3.4 register good growth.
In terms of industries, 12 out of the 23
percent of the initial estimate while IIP Use-based analysis showed that other
in May 2019 registered a lower 3.1 per- than consumer durables, all other seg- industry groups (as per two-digit NIC-
cent growth. The IIP figure for March ments recorded y-o-y growth in May 2008) in the manufacturing sector wit-
2019 has also been revised upward to 2019. However, growth in capital goods nessed positive y-o-y growth during May
0.35 percent growth from 0.1 percent de- and intermediate goods were below 1 2019.

Sector-wise industrial growth (measured by IIP): May 2019

Weight (%) Growth y-o-y (%) Cumulative (Apr-May)
2019-20 2018-19
General index 100 3.1 3.7 4.1
Mining 14.37 3.2 4.1 4.8
Manufacturing 77.63 2.5 3.2 4.2
Electricity 7.99 7.4 6.7 3.1

Primary goods 34.05 2.5 3.7 4.3
Capital goods 8.22 0.8 1.0 8.1
Intermediate goods 17.22 0.6 1.2 0.2
Infrastructure/construction goods 12.34 5.5 6.4 8.1
Consumer durables 12.84 -0.1 1.0 5.4
Consumer non-durables 15.33 7.7 6.9 2.6

Source: CSO, MOSPI, Govt of India

84 l INDIAN ENGINEERING EXPORTS l AUGUST 2019