Industrial production grows at 0.7 percent in September

The country's industrial production grew point 7 percent in September this year, year-on-year, mainly due to poor performance by the manufacturing, mining, and capital goods sectors. According to official data, factory output, as measured in terms of the Index of Industrial Production (IIP) for the April-September period of the current financial year declined by 0.1 per cent compared to 4 per cent growth in the year-ago period.

justify;">The manufacturing sector, which constitutes over 75 per cent of IIP, grew 0.9 per cent compared to 2.7 percent a year ago. The mining sector recorded a contraction 3.1 per cent during the month as against a growth of 3.5 per cent last year. Capital goods output shrank 21.6 per cent. Output of consumer durables rose 14 per cent in September, consumer non-durable goods output inched up 0.1 per cent, and overall consumer goods output rose 6 percent.