Led by a strong recovery in the manufacturing sector, the industry registered an impressive growth of 7.9% during August 2004 against 5.7% in the same month last year.
The cumulative growth of industry in the first five months of 2004-05 also stood at 7.9% against 5.9% in the corresponding period the previous year, according to the Index of Industrial Production (IIP) figures released today by government.
During August, production of basic goods grew by 5.2% compared to 3.1% during the corresponding month last year.
It stood at 4.9% during April-August against 4% during the same period last year, data released by the Central Statistical Organisation showed.
Capital goods output swelled by 15.4% in August against 9.5% during the same month last year. On cummulative basis, growth in first five months of the fiscal stood at 14.3% against 9.3% in the year-ago period.
However, the growth of production of intermediate goods during the month slowed down marginally to 5.5% against 5.9% reported in August last year, while cumulative growth doubled to 8.8% over 4.4% in April-August last year.
Consumer goods grew by 10.7% over 7.3% reported in August last year, while cumulatively, the growth slowed to 8.4% against 8.5% during the same period a year ago.
Production of consumer durables surged by 13.9% during the month against 7.6% in the previous year period. Cumulative growth during the first five months stood at 13% as against 5.6% last year.
Consumer non-durables also registered 9.6% growth over 7.3% during August last year. However, on cumulative basis, growth stood at 6.8% compared to 9.4%.
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