Chart 1 compares the Index of Industrial Production
since 2013 for the 2010 standard with the 2015 standard after the revision.
But more widely, the decline in activity was also due to falling output in the pharmaceutical and metals industries with the overall index of industrial production
slipping by 0.7 per cent month-on-month.
India, June 14 -- The industrial output in April, according to the Index of Industrial Production
(IIP) estimates, has witnessed a strong rebound, surging by a 17.6 per cent growth as compared to a year earlier.
The official report on quick estimates of the Index of Industrial Production
(IIP), released by Central Statistical Organization of the Ministry of Statistics and Program Implementation, states: "The general index stands at 261.5, which is 0.4 percent lower as compared to the level in the month of October 2007.
The index of industrial production
for the month stood at 109.3 against 100 for the base year of 2005, the Ministry of Economy, Trade and Industry said in a revised report.
The related index of industrial production
decreased 0.5% in January, after a 0.5% increase in December.
To date the peaks and troughs of these recessions, the committee has mainly relied on four monthly measures: The Federal Reserve Board of Governors index of industrial production
, the Bureau of Labor Statistics estimates of payroll employment, Bureau of Economic Analysis estimates of real manufacturing and trade sales, and the BEA estimates of real personal income less current transfers.
On November 27, the Federal Reserve Board will publish revisions to the index of industrial production
(IP), to the related measures of capacity and capacity utilization, and to the index of industrial use of electric power.
For example, the Federal Reserve Board's index of industrial production
for materials handling equipment fell 1.5% in November 1990 compared to October, which also had a slight decline.
Meanwhile, the Index of Industrial Production
increased by 3.1 per cent on an annual basis in May to 133.6.
Factory output as measured in terms of the Index of Industrial Production
(IIP) had grown by 5.3 per cent in March 2018, according to the CSO data.