The manufacturing sector recorded a 7 per cent growth in July as against a contraction of 0.1 per cent in the same month year ago.
The consumer durables sector recorded an impressive growth of 14.4 per cent in July against a dip of 2.4 per cent year ago. Capital goods production grew by 3 per cent in July as against decline of 1.1 per cent year ago.
The IIP growth in April-July period was 5.4 per cent compared to 1.7 per cent year ago.
In terms of industries, 22 out of 23 industry groups in the manufacturing sector showed positive growth during July 2018.
The industry group ‘manufacture of furniture' has shown the highest positive growth of 42.7 per cent followed by 30.8 per cent in ‘manufacture of computer, electronics and optical products' and 28.4 per cent in ‘manufacture of tobacco products'.
On the other hand, the industry group ‘manufacture of paper and paper products' and ‘printing and reproduction of recorded media' have shown the highest negative growth of (-) 2.7 per cent followed by (-) 0.9 per cent in ‘manufacture of machinery and equipment.