Overview
- Official data show manufacturing rose 8.1% in December, with mining up 6.8% and electricity up 6.3%.
- Use-based indices signaled investment and demand strength, with infrastructure and construction goods up 12.1%, consumer durables up 12.3%, and capital goods up 8.1%.
- Within manufacturing, 16 of 23 industry groups grew, led by computer and electronic products (+34.9%), motor vehicles and trailers (+33.5%), and other transport equipment (+25.1%).
- November’s industrial growth was revised to 7.2% from a provisional 6.7%, reinforcing a late-year pickup.
- The overall IIP index reached 170.3 in December (manufacturing 169.9, mining 153.0, electricity 204.9), with the ministry noting the 89.81% response rate means figures may be revised.