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Government postpones release of full industrial production data in April

New Delhi: The government has postponed the release of full data for the Indices of Industrial Production (IIP) in April, as it did in the same month last year, due to the blockade of Covid-19.
Last June, the National Bureau of Statistics of China (NSO) postponed the release of full IIP data due to the impact of a national blockade on factory production.
This year, industrial production was also hit by state-imposed blockage restrictions to curb the second wave of the pandemic.
According to partial data released by NSO on Friday, the IIP (Comprehensive Index) in April this year was 126.6 points.
The IIP was 54 points in April 2020 and 126.5 points in April 2019.
Industrial output fell by 57.3% in April 2020.
Partial data show that IIP growth was 134% in April 2021 compared to the same month last year, mainly due to the low underlying effect.
However, comparing IIP with that of the same month in 2019, industrial growth in April was flat.
This shows that the initial economic recovery was affected by the second wave of the pandemic.
In a statement, the NSO said, “A large number of facilities that were not in operation in April 2020 due to a national blockade and other measures implemented to limit the expansion of the Covid-19 pandemic from the end of March 2020. Note that the part has occurred. As a result, there were many units that reported “zero” production that affected the comparison of the April 2020 and April 2021 indices. ”
On March 25, 2020, the center implemented a national blockade to curb the spread of Covid-19.
From April 20, 2020, the government began to relax restrictions on the blockade of some economic activities.
This year, the second wave of the pandemic began in mid-April. This also affected factory production due to local regulations by the state.
The NSO stated that the industrial production indices for the mining, manufacturing and electricity sectors in April 2021 were 108, 125.1 and 174 points, respectively.
According to the classification by use in April 2021, the index was 126.7 for primary goods, 82.4 for capital goods, 137.9 for intermediate goods, and 134.8 for infrastructure and construction goods.
In addition, the durable and non-durable consumer goods indexes were 112.4 and 142.3, respectively.
IIP recorded a growth of 5.2% in February last year. It shrank by 18.7% in March 2020.



Government postpones release of full industrial production data in April

Source link Government postpones release of full industrial production data in April

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