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Icra senior economist Adit Nayar said that the double- digit growth of consumer nondurables benefited from a significant expansion in output of apparels and leather garments in February, which is somewhat at odds with the trend recorded for export shipments in the same month.
Following French, we define 10 industry portfolios as follows: Consumer NonDurables (ind 1), Consumer Durables (ind 2), Manufacturing (ind 3), Oil, Gas, and Coal Extraction and Products (ind 4), Business Equipment (ind 5), Telephone and Television Transmission (ind 6), Wholesale, Retail, and Some Services (ind 7), Healthcare, Medical Equipment, and Drugs (ind 8), Utilities (ind 9), and Other (ind 10).
The production of consumer nondurables was unchanged in November; an
1 percent increase in consumer energy products pushed the index for total consumer nondurables to a 0.
2 trillion dollars for consumer nondurables (mostly food and clothing); $455,000,000,000 for residential and nonresidential structures (essentially building and construction); $448,000,000,000 on durable goods (e.
Consumer nondurables, however, like soap and entertainment companies, ``carry a fairly rich valuation.
A sizable slowdown in the rate of increase for tobacco products was responsible for much of the deceleration in the index for consumer nondurables other than foods and energy.
Although defensive sectors such as IT, pharmaceutical and consumer nondurables still account for big chunk of funds' assets, their overall contribution has fallen since the start of the year.
Among consumer nondurables, the production of non-energy consumer goods declined 0.
The deterioration in the industrial performance in February was led primarily by capital goods and consumer nondurables.
1 percent from declines that totaled 3 percent over August and September, and the output of non-energy consumer nondurables rose 1.
This is reflected in the contraction in the output of both consumer nondurables, such as cosmetics and cornflakes and consumer durables like household goods and appliances.
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