Data check: October IIP slows to 0.4% versus 4% in September; check details

Data check: October IIP slows to 0.4% versus 4% in September; check details


Data check: October IIP slows to 0.4% versus 4% in September; check details
The Quick Estimates of IIP reached 150.9, compared to 150.3 in October 2024. (AI image)

October 2025 IIP: The Index of Industrial Production or IIP for the month of October slowed to 0.4% as against 4% in September, according to the latest government data. The reduced growth can be attributed to fewer working days due to various festivals including Dussehra, Diwali and Chhath, the government release said.The Quick Estimates of IIP reached 150.9, compared to 150.3 in October 2024. For October 2025, the sectoral indices stood at 126.2 for Mining, 151.1 for Manufacturing, and 193.4 for Electricity.October 2025 saw varied sectoral performance with Mining declining by 1.8 percent, Manufacturing growing by 1.8 percent, and Electricity decreasing by 6.9 percent. The electricity sector’s decline was influenced by prolonged rainfall and comfortable temperatures across various States/UTs, leading to reduced demand.In the manufacturing sector’s performance, positive growth was recorded by 9 out of 23 industry groups at NIC 2 digit-level when compared to October 2024. The leading contributors were “Manufacture of basic metals” (6.6%), “Manufacture of coke and refined petroleum products” (6.2%), and “Manufacture of motor vehicles, trailers and semi-trailers” (5.8%).

This story is being updated



Source link


Discover more from stock updates now

Subscribe to get the latest posts sent to your email.

Leave a Reply