November 12, 2015 7:35 PM

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Industrial production fells to 4-month low of 3.6 % in September

Industrial production fell to four-month low of 3.6 per cent in September due to subdued performance by manufacturing and non-durable consumer goods segments. Industrial output growth, measured in terms of the Index of Industrial Production (IIP), was also revised slightly downwards to 6.2 per cent for August from provisional estimate of 6.4 per cent released earlier. The factory output had grown by 2.6 per cent in September last year. The data released by the Central Statistics Office today showed that industrial output was at 4 per cent in April-September 2015 against 2.9 per cent in the year-ago period. The manufacturing sector grew by 2.6 per cent in September, 2015 against 2.7 per cent expansion in the same month last year.The output of consumer non-durable goods contracted 4.6 per cent in September 2015 against a growth of 1.3 per cent in the same month last year. The mining sector growth was at 3 per cent in September 2015 against 0.1 per cent in the same month last fiscal. Capital goods output grew at 10.5 per cent against a growth of 12.3 per cent in the same month last year.Power generation grew at 11.4 per cent in September against 3.9 per cent in the same month a year ago. In terms of industries, 11 out of 22 groups in the manufacturing sector showed positive growth in September.

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