IIP output contracts 0.1% in June

The country's industrial output contracted 0(point)1 per cent in June this year, mainly due to a fall in output of the manufacturing and capital goods sectors.Factory output, measured in terms of the Index of Industrial Production, had grown 8 per cent in June last year. 

According to data released by the Central Statistics Office yesterday, the manufacturing sector contracted 0.4 per cent in



June this year, but mining output rose 0.4 percent, and electricity generation increased 2.1 per cent during the month. 

Capital goods output, which is a barometer of investment, shrank 6.8 per cent in June. 

Consumer durables output contracted 2.1 percent in June, but consumer non-durables production rose 4.9 per cent.