July IIP flat
The industrial production growth in July 2012 was 0.1% higher as compared to the level in the month of July 2011. The cumulative growth for the period April-July 2012-13 over the corresponding period of the previous year stood at -0.1%.
Some of the highlights of the IIP data are as follows :
Manufacturing growth: -0.2% vs 3.1%
Mining sector growth: -0.7% vs 0.7%
Electricity sector growth: 2.8% vs 13.1%
Capital goods growth: -5% vs -13.7%
Consumer durables growth: 1.4% vs 9%
Consumer non-durables growth: 0.1% vs 4.1%
Basic goods growth: 1.5% vs 10%
Intermediate goods growth: -1.1% vs -0.1%
June IIP unchanged at -1.8%
Markets hold on gains
Tata Motors extended gains to 3%. Country’s largest coal mining company Coal India was up 2%.