August 12, 2015 8:03 PM

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Industrial output grows at 4-month high of 3.8% in June

Growth in the country's Industrial production rose to a 4-month high of 3.8 per cent in June, this year, due to improvement in manufacturing activity. Measured in terms of the Index of Industrial Production, IIP, industrial output had grown 4.3 per cent in June last year. According to data released by the Central Statistics Office, the manufacturing sector, which constitutes over 75 percent of the IIP, grew at 4.6 per cent in June this year. But output of capital goods, a barometer of investment, contracted 3.6 per cent, and mining sector output fell 0.3 per cent during the month. Power generation growth stood at 1.3 per cent in June.

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