Manufacturing sector production registered a decline of 8.6 per cent, while the output of mining and power segments fell 9.8 per cent and 1.8 per cent, respectively.
However, the Ministry of Statistics and Programme Implementation (MOSPI) released a quick index for the month of May 2020, which gradually improved to 88.4.
IIP contracts 16.7%; will get much worse in April as there was hardly any production
This was in glaring contrast to the Index of Industrial Production (IIP) numbers a year ago in March 2019, which saw a 2.7 per cent growth.
January inflation eases to 5.07 per cent, December Index of Industrial Production lowers to 7.1 per cent
As per the data released by the Central Statistics Office, the sequential slowdown in factory output was mainly on account of lower production in the manufacturing sector.