Home / Knowledge / News / Textiles / Slower factory output growth dampens hopes of turnaround
Slower factory output growth dampens hopes of turnaround
13
Aug '14
Indian data released on Tuesday showed that consumer price inflation rose in July and in its previous month, factory output grew at a slower pace.

This could dampen hopes of an early economic turnaround and increase the pressure on government which is struggling to revive growth and contain prices.

From a 19-month high of 5 percent in May 2014, sharp deceleration in manufacturing activity led to factory output growth slowing to 3.4 percent in June.

Inflation measured by the consumer price index (CPI) rose from 7.46 percent in June to 7.96 percent in July, mainly from higher vegetables, fruits and milk prices.

The biggest blow came from the manufacturing sector, which saw its growth decelerate to 1.8 percent in June from a high of 5.1 percent in May.

However in the same month, the mining sector grew at a robust pace of 4.3 percent year-on year and electricity sector rose by 15.7 percent, also from a year earlier.

During the April-June period of the current fiscal, IIP has surged and recorded a growth of 3.9 percent, as against contraction of 0.5 percent, a year earlier.

The consumer durables segment fell by 23.4 percent in June compared with a dip of 10.1 percent in June 2013. In the first fiscal quarter ending June 2014, it dipped by 9.6 percent against a decline of 12.7 percent in the first quarter of last fiscal year.

Fibre2fashion News Desk - India


Must ReadView All

UK retailers may face extra £190 mn in business rates

Apparel/Garments | On 21st Sep 2018

UK retailers may face extra £190 mn in business rates

Retailers in the UK are likely to face an extra £190 million on their ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Interviews View All

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search