New Delhi, Nov 12 : The industrial output growth, as measured by the Index of Industrial Production (IIP), slowed down to 4.4 per cent in September 2010 as against 8.2 per cent registered in the same month a year ago, according to official data released here today.
The IIP numbers for September are also lower than August, which were revised upward from 5.6 per cent to 6.9 per cent.
Finance Minister Pranab Mukherjee said the consecutive fall in the IPP numbers for two months is a matter of concern.
''It is a matter of concern. We will have to examine the reasons behind this fall,'' Mr Mukherjee said.
The manufacturing sector, which accounts for 80 per cent of the IIP, has declined to 4.5 per cent in September as against 8.3 per cent registered in the same period a year ago.
The output in mining sector grew at 5.2 per cent in September 2010 as against 7.4 per cent in September 2009.
Electricity grew at 1.7 per cent against 7.5 per cent and consumer durables grew at 10.9 per cent against 21.9 per cent reported a year ago.
The cumulative growth during April-September 2010 over the corresponding period of 2009 in the mining, manufacturing and electricty sectors sectors have been 8.7 per cent, 11.0 per cent and 3.8 per cent respectively.
''In terms of industries, as many as fourteen out of the seventeen industry groups have shown positive growth during the month of September 2010 as compared to the corresponding month of the previous year,'' the data showed.
The industry group 'Leather and Leather and Fur Products' have shown the highest growth of 26.8 per cent, followed by 21.6 per cent in 'Transport Equipment and Parts' and 13.7 per cent in 'Rubber, Plastic, Petroleum and Coal Products'.
On the other hand, the industry group 'Other Manufacturing Industries' have shown a negative growth of 3.1 per cent followed by 2.6 per cent in 'Metal Products and Parts, except Machinery and Equipment'.
The growth rate in 'Basic goods' stood at 3.5 per cent in September 2010 over September 2009, 4.5 per cent in 'Capital goods' and 10.3 per cent in 'Intermediate goods'.
The 'Consumer durables' and 'Consumer non-durables' have recorded growth of 10.9 per cent and 2.5 per cent respectively, with the overall growth in 'Consumer goods' being 5.2 per cent in September 2010 over September 2009, the data showed.
Finance Minister Pranab Mukherjee said the consecutive fall in the IPP numbers for two months is a matter of concern.
''It is a matter of concern. We will have to examine the reasons behind this fall,'' Mr Mukherjee said.
The manufacturing sector, which accounts for 80 per cent of the IIP, has declined to 4.5 per cent in September as against 8.3 per cent registered in the same period a year ago.
The output in mining sector grew at 5.2 per cent in September 2010 as against 7.4 per cent in September 2009.
Electricity grew at 1.7 per cent against 7.5 per cent and consumer durables grew at 10.9 per cent against 21.9 per cent reported a year ago.
The cumulative growth during April-September 2010 over the corresponding period of 2009 in the mining, manufacturing and electricty sectors sectors have been 8.7 per cent, 11.0 per cent and 3.8 per cent respectively.
''In terms of industries, as many as fourteen out of the seventeen industry groups have shown positive growth during the month of September 2010 as compared to the corresponding month of the previous year,'' the data showed.
The industry group 'Leather and Leather and Fur Products' have shown the highest growth of 26.8 per cent, followed by 21.6 per cent in 'Transport Equipment and Parts' and 13.7 per cent in 'Rubber, Plastic, Petroleum and Coal Products'.
On the other hand, the industry group 'Other Manufacturing Industries' have shown a negative growth of 3.1 per cent followed by 2.6 per cent in 'Metal Products and Parts, except Machinery and Equipment'.
The growth rate in 'Basic goods' stood at 3.5 per cent in September 2010 over September 2009, 4.5 per cent in 'Capital goods' and 10.3 per cent in 'Intermediate goods'.
The 'Consumer durables' and 'Consumer non-durables' have recorded growth of 10.9 per cent and 2.5 per cent respectively, with the overall growth in 'Consumer goods' being 5.2 per cent in September 2010 over September 2009, the data showed.
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