Industrial Production Index (IIP) Growth at 4.2%: A Five-Month Low in June

Monday, 12 August 2024, 11:45

The Industrial Production Index (IIP) growth slowed to a five-month low of 4.2% in June, highlighting the challenges in the manufacturing sector. Notably, the output growth for consumer durables decreased to a six-month low of 8.6%, while consumer non-durables saw a significant drop to -1.4% from the previous month's growth of 2.5%. This trend indicates a potential slowdown in consumer spending and manufacturing performance, raising concerns about economic stability moving forward.
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Industrial Production Index (IIP) Growth at 4.2%: A Five-Month Low in June

Industrial Production Index (IIP) Growth Overview

The Industrial Production Index (IIP) achieved a growth rate of 4.2% in June, marking a five-month low. This decline reflects underlying pressures in the economic landscape.

Consumer Durables Performance

In the use-based category, the output growth for consumer durables decreased significantly to 8.6%, the lowest in six months.

Consumer Non-Durables Trend

Conversely, the growth in consumer non-durables plummeted to -1.4%, a stark decline from the 2.5% growth recorded in May.

Implications for the Economy

This downward trend in both sectors suggests troubling signals for future economic performance and potential shifts in consumer spending.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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