Friday 22 February 2019
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business-standard - 10 days ago

Industrial growth remains subdued at 2.4 pc in Dec

Industrial output growth remained subdued at 2.4 per cent in December 2018 on account of contraction in the mining segment and poor show by the manufacturing sector. Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 7.3 per cent in December 2017, according to the data released by the Central Statistics Office (CSO) on Tuesday. The industrial growth for November 2018 was revised downwards to 0.3 per cent from the provisional estimate of 0.5 per cent released last month. During April-December 2018-19, industrial output grew at 4.6 per cent against 3.7 per cent in the same period of the previous fiscal. The manufacturing sector, which constitutes 77.63 per cent of the index, recorded a low growth of 2.7 per cent in December as against 8.7 per cent expansion in the year-ago month. Mining sector production contracted by 1 per cent in December as against 1.2 per cent growth in December 2017. The growth of the power sector output remained flat at ..

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