Just in: April IIP at 6.3% as per new series

The newly introduced Index of Industrial Production (IIP) with an updated base of 2004-05 starting from the month of April, has expanded at 6.3% pace in April to 167.8 as compared to the level in the month of April 2010. The annual growth for the period April-March 2010-11 stands at 8.2% over the corresponding period of the previous year. However, under the old series, annual industrial output growth in April was 4.4%, lower than the general expectation of around 5%.
According to the data released by Central Statistics Office, the IIP for the Mining, Manufacturing and Electricity sectors for the month of April 2011 stands at 129.1, 178.0 and 146.0 respectively, with the corresponding growth rates of 2.2%, 6.9% and 6.4% as compared to April 2010.
As per Use-based classification, the growth rates in April 2011 over April 2010 are 7.3% in Basic goods, 14.5% in Capital goods and 3.4% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 3.8% and 2.1% respectively, with the overall growth in Consumer goods being 2.9%, the statement showed.