Value of Production on the downtrend
Value of Production Index (VaPI) for the manufacturing industry declined by 9.6 percent in December 2008, after registering positive growths in the last eight months since April 2008, according to the preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI). This maybe due to the lackluster performance in 12 major sectors led by miscellaneous manufactures, petroleum products, machinery except electrical, furniture and fixtures, textiles, publishing and printing, electrical machinery, basic metals, and transport equipment. Refer to Tables 1-A and 1.