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.