Slump In Manufacturing Pulls Down IIP To 11.1Pc In May

New Delhi: Slowdown in manufacturing pulled down the Index of Industrial Production (IIP) marginally to 11.1 per cent in May from 11.7 per cent in the corresponding month last year. While the mining and electricity sectors came better in May, manufacturing fared poorly in the month, with growth rate at 11.9 per cent from 13.3 per cent during the corresponding month in 2006-07, reveals the quick estimates of IIP issued by the Government. The mining sector registered a growth of 3.7 per cent against 2.9 per cent in May 2006, while the power sector performed much better by virtually doubling growth rate to 9.4 per cent from 5 per cent.

The cumulative growth rate during April-May stood at 11.7 per cent as against 10.8 per cent during the same period last year. During April-May, the mining, manufacturing and electricity sectors registering growth rates of 3 per cent (3.2 per cent in April-May 2006), 12.7 per cent (12.2 per cent) and 9 per cent (5.5 per cent) respectively. The growth rates of intermediate goods and consumer goods too decelerated to 9.1 per cent and 9.8 per cent from 12.5 per cent and 10.5 per cent respectively in May 2006.