CURRENT UPDATE : INDUSTRIAL PRODUCTION GROWS BY 2 % IN SEPTEMBER

INDUSTRIAL PRODUCTION GROWS BY 2 % IN SEPTEMBER

After remaining flat in August, industrial production is showing signs of recovery as the output grew by two percent in September, mainly on account of better performance by power and mining sectors.

The country's industrial output grew 2 per cent in September this year, mainly on account of better performance by the power and mining sectors. Factory output, as measured in terms of the Index of Industrial Production, had contracted 0.7 per cent in September last year. According to data released by the government, today, power generation showed a healthy growth of 12.9 per cent in September, while the mining sector grew 3.3 per cent. But the manufacturing sector, which constitutes over 75 per cent of the index, grew just 0. 6 per cent in September. Capital goods output declined 6.8 per cent during the month.

Industrial output during April to September 2013 rose 0.4 per cent, compared to 0.1 per cent growth in the same period of 2012.