India's September industrial output shrinks 4.3%

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  • Global smartphone market shrinks 17%

    Global smartphone market shrinks 17%

    Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25%, despite facing shrinking demand and manufacturing issues in Zhengzhou.

    Samsung finished the quarter second with a 20% market share but was the largest vendor for the full year. Xiaomi retained third place despite its share falling to 11% in Q4, largely due to challenges in India. OPPO and VIVO rounded out the top five, taking 10% and 8% market shares respectively.

    Smartphone vendors have struggled in a difficult macroeconomic environment throughout 2022. Q4 marks the worst annual and Q4 performance in a decade,” as per experts.

    The channel is highly cautious with taking on new inventory, contributing to low shipments in Q4. Backed by strong promotional incentives from vendors and channels, the holiday sales season helped reduce inventory levels. While low-to-mid-range demand fell fast in previous quarters, high-end demand began to show weakness in Q4. The market’s performance in Q4 2022 stands in stark contrast to Q4 2021, which saw surging demand and easing supply issues.

    Vendors will approach 2023 cautiously, prioritizing profitability and protecting market share. Vendors are cutting costs to adapt to the new market reality. Building strong partnerships with the channel will be important for protecting market shares as difficult market conditions for both channel partners and vendors can easily lead to strenuous negotiations.

    As per Canalys, flat to marginal growth for the smartphone market in 2023, with conditions expected to remain tough. “Though inflationary pressures will gradually ease, the effects of interest rate hikes, economic slowdowns and an increasingly struggling labour market will limit the market’s potential.

    Going forward, this will adversely affect saturated, mid-to-high-end-dominated markets, such as Western Europe and North America. While China’s re-opening will improve domestic consumer and busine

    By VARINDIA| 16 views

  • Core sector output down by 5.2 % in the month of September

    Core sector output down by 5.2 % in the month of September

    The core sector for the month of September contracted massively by 5.2 per cent from the 0.5 per cent contraction seen in August. The index was dragged down by coal mining which came in at -20.5 per cent.The figures for the same month last year stood at 4.3 per cent. The cumulative growth during the period of April-September 2019-20 was 1.3 per cent.

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  • Factory output growth plunges to 17-month low of 0.5% in November

    Factory output growth plunges to 17-month low of 0.5% in November

    Industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods. Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5 per cent in November 2017, as per data released by the Central Statistics Office (CSO) Friday. The previous low was in June 2017, when IIP growth contracted by 0.3 per cent. The growth for October 2018 was revised upwards to 8.4 per cent from 8.1 per cent.

    By The Economic Times| 4683 views

  • Eight core sector output growth slows down to 2.6% in December 2018

    Eight core sector output growth slows down to 2.6% in December 2018

    Growth of eight core sectors slowed down to 2.6 per cent in December 2018 on account of negative growth in expansion of crude oil, refinery products and fertilisers. According to Commerce and Industries ministry, coal, natural gas and steel output grew by 0.9 per cent, 4.2 per cent and 13.2 per cent, respectively. During April-December 2018-19, the eight sector recorded a growth of 4.8 per cent as compared to 3.9 per cent in same period of previous fiscal.

    By The Economic Times| 1366 views

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Published on: Nov 12, 2019
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Contraction in manufacturing and mining activity plunged India's September factory output deep in the red. The Index of Industrial Production (IIP) declined (-) 4.3 per cent in September from (-)1.40 per cent in August 2019.

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  • Global smartphone market shrinks 17%

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    Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25%, despite facing shrinking demand and manufacturing issues in Zhengzhou.

    Samsung finished the quarter second with a 20% market share but was the largest vendor for the full year. Xiaomi retained third place despite its share falling to 11% in Q4, largely due to challenges in India. OPPO and VIVO rounded out the top five, taking 10% and 8% market shares respectively.

    Smartphone vendors have struggled in a difficult macroeconomic environment throughout 2022. Q4 marks the worst annual and Q4 performance in a decade,” as per experts.

    The channel is highly cautious with taking on new inventory, contributing to low shipments in Q4. Backed by strong promotional incentives from vendors and channels, the holiday sales season helped reduce inventory levels. While low-to-mid-range demand fell fast in previous quarters, high-end demand began to show weakness in Q4. The market’s performance in Q4 2022 stands in stark contrast to Q4 2021, which saw surging demand and easing supply issues.

    Vendors will approach 2023 cautiously, prioritizing profitability and protecting market share. Vendors are cutting costs to adapt to the new market reality. Building strong partnerships with the channel will be important for protecting market shares as difficult market conditions for both channel partners and vendors can easily lead to strenuous negotiations.

    As per Canalys, flat to marginal growth for the smartphone market in 2023, with conditions expected to remain tough. “Though inflationary pressures will gradually ease, the effects of interest rate hikes, economic slowdowns and an increasingly struggling labour market will limit the market’s potential.

    Going forward, this will adversely affect saturated, mid-to-high-end-dominated markets, such as Western Europe and North America. While China’s re-opening will improve domestic consumer and busine

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  • Core sector output down by 5.2 % in the month of September

    Core sector output down by 5.2 % in the month of September

    The core sector for the month of September contracted massively by 5.2 per cent from the 0.5 per cent contraction seen in August. The index was dragged down by coal mining which came in at -20.5 per cent.The figures for the same month last year stood at 4.3 per cent. The cumulative growth during the period of April-September 2019-20 was 1.3 per cent.

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    Industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods. Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5 per cent in November 2017, as per data released by the Central Statistics Office (CSO) Friday. The previous low was in June 2017, when IIP growth contracted by 0.3 per cent. The growth for October 2018 was revised upwards to 8.4 per cent from 8.1 per cent.

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  • Eight core sector output growth slows down to 2.6% in December 2018

    Eight core sector output growth slows down to 2.6% in December 2018

    Growth of eight core sectors slowed down to 2.6 per cent in December 2018 on account of negative growth in expansion of crude oil, refinery products and fertilisers. According to Commerce and Industries ministry, coal, natural gas and steel output grew by 0.9 per cent, 4.2 per cent and 13.2 per cent, respectively. During April-December 2018-19, the eight sector recorded a growth of 4.8 per cent as compared to 3.9 per cent in same period of previous fiscal.

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