As many as 21 sectors have done better-than-expected and recorded growth during the nine months ended December 2002 in areas of production, sales and exports in the face of industrial recovery, according to the latest Ascon survey of the Confederation of Indian Industry (CII).
Production in five sectors has increased which include three-wheelers, nylon tyre yarn, electrical fans, scooters and cars have risen.
Nine sectors have seen an increase in sales beyond the earlier estimates. These are castings, construction industry, diesel, tea, cement, refrigerators, malted food, processed food, and cold rolled steel strips.
The survey said that eight sectors which witnessed growth in exports performance were aluminium, cars, motorcycles, mopeds, steel, polyester filament yarn, tea and textile machinery.
Around 11 sectors performed worse than expected including six sectors - cigarettes, transformers, power transformers, motor starters and LPG - which recorded a decline in production.
Sales of polyester filament yarn, textile machinery and transmission line towers fell apart commercial vehicles and medium and heavy commercial vehicles exports performance declining, said CII.
The Ascon monitor released on January 13 updates the earlier monitor released in the second week of December 2002.
While the earlier monitor had estimated data for the nine months ending December 2002, the latest monitor has the actual data for the period under review.
The earlier monitor had said that a strong recovery was underway and the latest one confirmed the forecast for faster economic recovery.
