IIP jumps 19.6 percent in May this year as against 7.1 percent in preceding month

The Index of Industrial Production (IIP) jumped 19.6 percent in May this year as against 7.1 percent in preceding month. According to the data released by the National Statistical Office released today, the manufacturing sector's output grew 20.6 percent in May this year while the mining output climbed 10.9 percent and the Electricity sector surged 23.5 percent. The IIP had grown by 27.6 percent in May last year, mainly due to the low-base effect. Industrial production has been hit due ...