Index of Industrial Production grew by 2.4% in July

The Index of Industrial Production (IIP) grew by 2.4 percent in July against 11.5 percent in the same period last year. According to the Ministry of Statistics and Programme Implementation data released today, the manufacturing sector's output grew 3.2 percent in July 2022. The mining output contracted 3.3 percent while power generation increased 2.3 percent during the



reported period.

IIP is an index which details out the growth of various sectors in the economy. The Eight Core Industries comprise more than 40 percent of the weight of items included in IIP. These are Electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilisers.