Reviving hopes of economic recovery, industrial production grew at a five-month high of 3.8 percent in November due to improvement in manufacturing and mining sectors as well as better off take of capital goods. The factory output, as measured by the Index of Industrial Production, had declined 1.3 percent in the same month of 2013. The revised figure for October last year remained unchanged, a contraction of 4.2 percent, according to the data released by Central Statistics Office today. For the April to November period of current fiscal, IIP is up 2.2 percent, as against 0.1 percent in same period of last fiscal.

Overall, 16 of the 22 industry groups in manufacturing showed positive growth in November. Manufacturing output, which constitutes over 75 percent to the index, grew 3 percent in November. Output of the mining sector grew 3.4 percent in November. The production of capital goods grew 6.5 percent in the same month. According to the IIP data, power generation grew 10 percent in the same month. But the consumer goods output declined 2.2 percent in November. The consumer durables production too slumped 14.5 percent in November.