Industrial production drops 1.1% in August
Commodity Online | October 11 2019
UPDATED 18:36:30 IST

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Industrial production declined by 1.1% in August due to poor performance by manufacturing, power generation and mining sectors, official data showed.

The Index of Industrial Production (IIP) had expanded by 4.8% in August 2018.

Manufacturing sector, which contributes over 77% to the IIP, showed a decline of 1.2% in output during August 2019 as against a growth of 5.2% in the same month of last year.

Electricity generation declined by 0.9% as against an expansion of 7.6% in the year ago month while the growth in the mining sector was flat at 0.1%.

The overall IIP growth during April-August period was 2.4%, down from 5.3% in the corresponding period of the last fiscal.