New Delhi: The index of industrial production (IIP) has grown 11.8 percent in October on buoyant consumer spending, as compared to 4.5 percent during the same period of the last fiscal (2006-07).

According to the government’s latest data, IIP has attained its highest peak during the last seven months.

The data also showed that the manufacturing segment has also recorded an impressive growth of 13.3% in October, from 3.8% in October 2006.

On the other hand, the mining and electricity spheres showed a growth reduction of 3.7% and 4.2% correspondingly. During Oct 2006, the mining and electricity sector had shown a growth rate of 5.9 percent and 9.7 percent respectively.

The output of the consumer goods segment, which declined 2.8% in the same period of the last year (Oct 2006), recorded a growth of 12.5 percent.

Within the consumer goods section, the consumer durables segment grew 9.3 percent in October, whereas yield of consumer non-durable items registered 13.9% increase in the same period.

The report also indicated that the growth rate of the basic goods slowed down to 6.2%, and the performance of intermediate goods stood at 14.2%, as against 5.9% in October 2006.

The cumulative industrial growth came down to 9.7% from 10.1% (in Oct 2006) during April-October period.

With reference to the sectoral performance for the seven-month period, manufacturing developed 10.4%, mining sector arose 4.8% and electricity came up by 7.2 percent.

According to the use-base, IIP categorization showed that capital goods section has registered a healthy growth of 20.5% during October.

In the seven-month time, the consumer durables sector showed a negative growth of 1.3% as against 12.7% in the corresponding period last year. The capital goods section also developed by 20.1% as compared to 15.7 per cent during April to August 2006.