Industrial output slows to 3.8 per cent in September
By Express News Service | Published: 11th November 2017 08:24 AM |
NEW DELHI: With the manufacturing sector losing steam, industrial production grew at a slower pace of 3.8 per cent in September, data released by the Central Statistics Office (CSO) on Friday showed.
Factory output is measured in terms of the Index of Industrial Production (IIP). According to the data, IIP grew at a meagre 2.5 per cent in April-September this fiscal compared to 5.8 per cent in the first half of 2016-17.
The manufacturing sector, which accounts for 77.63 per cent of IIP, slowed to 3.4 per cent from 5.8 per cent a year ago. During the April- September period, manufacturing grew at 1.9 per cent, down from 6.1 per cent in the same period last fiscal. Consumer durable goods output, too, contracted by 4.8 per cent in September against a growth of 10.3 per cent in the previous year. During the first half of this fiscal, the output of these goods declined by 1.5 per cent as against a growth of 6.9 per cent last year.
Growth in power generation slipped to 3.4 per cent in September compared to 5.1 per cent a year before. However, mining recorded a growth of 7.9 per cent in the month under review as against a contraction of 1.2 per cent a year ago.
According to the use-based classification, growth rates in September came in at 6.6 per cent for primary goods, and 7.4 per cent for capital goods.