Index of Industrial Production falls for 3rd straight month by 3.8% in October
New Delhi, Dec 12: Showing signs of economic slowdown, Industrial production shrank for third consecutive month in October by 3.8 per cent, mainly due to output fall in manufacturing, mining and electricity sectors, as per official data released on Thursday.
According to the National Statistical Office (NSO) data, the factory output declined by 4.3 per cent in September and 1.4 per cent in August this year, while it grew at 4.9 per cent in July.
Factory output, measured in terms of Index of Industrial Production (IIP), had expanded by 8.4 per cent in October 2018.
During April to October, the IIP growth remained almost flat at 0.5 per cent compared to 5.7 per cent in same period previous fiscal.
The manufacturing growth rate declined by 2.1 per cent in October as compared to 8.2 per cent a year ago.
Power generation growth slipped sharply by 12.2 per cent in October, compared to 10.8 per cent in the year-ago period.
Mining output too fell 8 per cent in the month under review as against 7.3 per cent in the corresponding period last fiscal.
Capital goods production, which is a barometer of investment, declined by 21.9 per cent in October compared to 16.9 per cent rise in the year-ago month.
As per use-based classification, the growth rates in October 2019 over October 2018 are (-) 6 per cent in Primary goods, 22.2 per cent in Intermediate goods and (-) 9.2 per cent in Infrastructure/ Construction Goods.
The consumer durables and consumer non-durables have recorded growth of (-) 18 per cent and (-) 1.1 per cent, respectively.
In terms of industries, 18 out of 23 industry groups in the manufacturing sector have shown negative growth during October 2019 as compared to the same month last year.
The industry group 'manufacture of computer, electronic and optical products' has shown the highest negative growth of (-) 31.3 per cent followed by (-) 27.9 per cent in 'Manufacture of motor vehicles, trailers and semi-trailers'.
On the other hand, the chemicals and its products have shown the highest positive growth of 31.8 per cent followed by 9.4 per cent in basic metals.
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Kane scores hat trick and Bayern extends Bundesliga lead to 11 points
Berlin (AP): Harry Kane was substituted in at the hour mark and still had enough time to score a hat trick on Saturday.
The England captain took his goal tally for Bayern Munich this season to 28 and the defending champions extended their lead to 11 points after thrashing Stuttgart 5-0 on the road.
Second-placed Leipzig later hosted Eintracht Frankfurt.
With Kane on the bench, Konrad Laimer took on the scoring duties and produced a superb finish. The Austria midfielder collected a long ball and combined with Michael Olise before slotting home from close range with a subtle backheel past goalkeeper Alexander Nübel in the 11th minute.
Kane made it 2-0 with a low shot into the bottom corner and Josip Stanišic added his name to the scoresheet. Kane added further luster to the win from the penalty spot after Stuttgart was reduced to 10 men for Lorenz Assignon using his arm to clear a ball in the 81st.
Kane completed the rout with a flick from an Olise cross with two minutes left. He has found the net five more times with England this season, taking his total to 33 goals for club and country.
Stuttgart had chances before halftime but lacked a cutting edge. Midfielder Nikolas Nartey thought he equalized only for his goal to be ruled out for offside after a VAR check.
Bayern Munich is unbeaten in 16 league and cup games against German opposition this season.
Other results
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Bayer Leverkusen suffered a fourth loss, 2-0 at Augsburg.
Defender Dimitrios Giannoulis put the host in front after six minutes then turned provider to set up forward Anton Kade. Leverkusen, which hit the woodwork, remained in fourth place, 14 points behind Bayern.
Wolfsburg scored from all of its shots on target and moved four points clear of the relegation zone after beating Union Berlin 3-1. Heidenheim defeated Freiburg 2-1. Cologne and St. Pauli drew 1-1.
