Coal news and updates

India’s June IIP slows to 3.4% m-o-m

August 13: Aided by better growth in manufacturing, mining and the electricity sector, India's Index of Industrial Production (IIP) (base: 2004-05=100) increased by 3.4% to 170.5 in June 2014 compared to the same month in 2013, according to provisional data released by the Ministry of Statistics and Programme Implementation.

The growth in IIP in June, however, fell from 4.7% recorded in May 2014.

The cumulative growth for the first quarter or April-June, 2014-15 over the corresponding period of the previous year stood at 3.9%.

In June, 2014, the mining sector grew by 4.3% to 121.5 against a contraction of 4.6% at 116.5 in the same month last year, while the manufacturing sector grew by 1.8% to 178.2 against a contraction of 1.7% at 175 in May 2013.

The electricity sector showed a growth of 15.7% to 181.6 as compared to flat electricity generation at 157 recorded in the corresponding month of 2013.

The cumulative growth in the mining, manufacturing and electricity sectors during the first three months of 2014-15 over the corresponding period of 2013-14 has been 3.2%, 3.1% and 11.3% respectively, the data said.

Capital goods production, a barometer of demand, grew 23% to 270.2 in June, 2014 compared to a provisional growth of 9% at 219.6 in the same month of last year. The cumulative growth for the first quarter of 2014-15 over the corresponding period of the previous year stood at 13.9% against a provisional growth of 7.6% in the same period of 2013-14.

The consumer durables segment, however, contacted by 23.4% in June, 2014 at 211.5 as compared to a negative growth of 10.1% in the same month of the previous year.

The cumulative growth of the sector for the first quarter or April-June, 2014-15 stood at negative 9.6% as compared to a negative growth of 12.7% in the corresponding period of the previous year.

The consumer non-durables segment grew by 0.1% in June, 2014 and by 0.7% during the first quarter of 2014-15 as against 6.2% in June 2013 and 7.1% in the first quarter of 2013-14, the data added.