New Delhi: Showing slump in the economy, the industrial growth has slipped to 0.6 percent in February this year mainly on account of contraction in power generation and mining output and poor performance of manufacturing sector.
    
Factory output, as measured by the Index of Industrial Production (IIP), had grown by 4.3 percent in February last year.
     
For the April-February period of 2012-13 fiscal, the industrial production growth is at 0.9 percent, down from 3.5 percent in the same period of 2011-12, according to official data released here on Friday.
     
Meanwhile, the decline in industrial output for January has been remained almost at a same level of provisional estimates of 2.4 percent released last month.
     
The manufacturing sector, which constitutes over 75 percent of the index, grew by meagre 2.2 percent in February, as against 4.1 percent in the same month of 2012.
     
The growth in the output of the key sector remained low at one percent in April-February this fiscal, as against 3.7 percent growth in the same period of 2011-12.
     
There was a contraction of 3.2 percent in power output in February this year compared to a growth of 8 percent in the same month of 2012.
     
During the April-February period, electricity generation has gone up by 4 percent, compared to a growth of 8.7 percent in the same period of the 2011-12 fiscal.
    
The mining output in February this year too contracted by 8.1 percent, compared to a growth in production by 2.3 percent in the same month of 2012.
    
For the April-February period, the production in the sector showed a decline of 2.5 percent, against contraction of 2.1 percent in the year-ago period.
    
Overall, 13 of the 22 industry groups in manufacturing sector have shown positive growth during February.

Capital goods output grew by 9.5 percent in February, as against a growth of 10.5 percent in same month of 2012.     

Capital goods output contracted in the April-February period by 7.6 percent, as against a dip of 1.8 percent in the same period of 2011-12.
    
The consumer goods output saw meagre growth of 0.5 percent in February, compared to a decline in production by 0.4 percent in same month last year.
    
In the April-February period of the last fiscal, the growth in the segment was 2.5 percent as compared to 4.7 percent in the same period of 2011-12.
    
The dip in the output of consumer durables stood at 2.7 percent in February, as compared to a contraction of 6.2 percent in the same month of 2012.
    
The growth in the output of these goods remained flat at 2.7 percent in April-February period of last fiscal.
    
The consumer non-durables output grew by 2.9 percent in February, compared to 4.4 percent in the same month last year. This segment's growth was at 2.3 percent in the 11-month period of last fiscal, as against 6.4 percent in the previous fiscal.
    
The intermediate goods production also saw a dip of 0.7 percent in February, compared to a growth of one percent in the same month last year.
    
During the April-February period, this segment recorded a growth of 1.5 percent, compared to a contraction of 0.7 percent in the first 11 months of 2011-12.
     
The basic goods output saw a contraction of 1.8 percent in February compared to a growth of 7.6 percent in the same month last year.
During April-February period of 2012-13, the production of basic goods grew by 2.3 percent compared to a growth of 5.9 percent in the 11 month period of previous fiscal.

(Agencies)

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