The country's industrial production grew 0.7 percent in September this year, year-on-year. This was mainly due to poor performance by the manufacturing, mining, and capital goods sectors.According to data released by the Central Statistics Office, factory output, as measured in terms of the Index of Industrial Production, IIP, had grown 3.7 per cent in September last year. The manufacturing sector, which constitutes over 75 per cent of the IIP index, grew 0.9 per cent in September, but mining sector output contracted 3.1 per cent during the month. 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.
News On AIR | November 11, 2016 8:10 PM
Industrial production grows 0.7 percent this year in Sep