Economy

Industrial output grows at 3-month high of 2.5% in September

| Updated on: Nov 12, 2014
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Showing signs of recovery, industrial production grew at three-month high of 2.5 per cent in September, mainly on account of better mining and manufacturing output and larger offtake of capital goods.

The factory output, as measured by the Index of Industrial Production (IIP), grew at 2.7 per cent in the same month last year.

For August, it was revised to 0.48 per cent from the provisional estimates of 0.42 per cent released last month, according to the data released by the Central Statistics Office today.

The industrial production expansion was 4.3 per cent in June and 0.4 per cent in July this year.

During the April-September period, IIP rose by 2.8 per cent, as against 0.5 per cent in same period in the previous fiscal.

Manufacturing output, which constitutes over 75 per cent of the index, grew by 2.5 per cent in September, compared to 1.4 per cent in the same month a year ago.

For April-September, the sector saw an output growth of 2 per cent, compared to 0.2 per cent in the year-ago period.

The mining sector production grew by 0.7 per cent in September as against of 3.6 per cent a year ago.

During April-September, the growth was by 2.1 per cent as against a contraction of 2.5 per cent in the same period last fiscal.

The production of capital goods, a barometer of demand, grew by 11.6 per cent in September, against 6.6 per cent decline in same month of last year.

During April-September period, the output of capital goods grew by 5.8 per cent as against a dip in production by 0.6 per cent.

Overall, 15 of the 22 industry groups in manufacturing showed positive growth in September.

Published on November 12, 2014

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