Home / Knowledge / News / Textiles / Industrial output for textiles industry drop in Q2
Industrial output for textiles industry drop in Q2
12
Sep '08
According to the provisional results of a survey released September 12 by the Census and Statistics Department (C&SD), the index of industrial production for the manufacturing sector as a whole decreased by 4.1% in the second quarter of 2008 compared with a year earlier, following a 4.4% year-on-year decrease in the first quarter of 2008.

The corresponding producer price index increased by 6.6% in the second quarter of 2008 over a year earlier, as compared with a 5.7% year-on-year increase in the first quarter of 2008.

Indices of industrial production reflect changes in the volume of local manufacturing output after discounting the effect of price changes. The price changes are measured by the producer price indices for manufacturing industries compiled from data on producer prices of industrial goods/services collected from the same survey.

Comparing the second quarter of 2008 with a year earlier, the wearing apparel (except footwear) industry had the largest decrease in output (-20.1%), followed by the textiles (including knitting) industry (-12.2%) and the machinery (-11.2%).

On the other hand, output of the food, beverages and tobacco industry increased by 4.7% in the second quarter of 2008 over a year earlier.

On a seasonally adjusted basis, the index of industrial production for the manufacturing sector as a whole decreased by 0.5% in the second quarter of 2008 as compared with the first quarter of 2008.

Producer price indices reflect changes in the prices of local manufacturing output. They measure changes in the actual prices (net of any discounts or rebates allowed to buyers, plus any surcharges) received by manufacturers. Transportation and other incidental charges are not included.

Comparing the second quarter of 2008 with a year earlier the machinery, equipment, apparatus, parts and components industry (+4.6%).

On the other hand, decreases in producer prices were seen in the consumer electrical and electronic products industry (-2.4%) and the textiles (including knitting) industry (-1.5%) in the second quarter of 2008 compared with a year earlier.

Comparing the second quarter of 2008 with the first quarter of 2008, the producer price index for the manufacturing sector as a whole increased by 1.7%.

Census and Statistics Department

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search