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Industrial output growth remains subdued at 2.4% in December

ID


New Delhi: Industrial output growth remained subdued at 2.4% in December 2018 on account of contraction in the mining segment and poor show by the manufacturing sector.

Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 7.3% in December 2017, according to the data released by the Central Statistics Office (CSO) today.

 

The industrial growth for November 2018 was revised downwards to 0.3% from the provisional estimate of 0.5% released last month.

During April-December 2018-19, industrial output grew at 4.6% against 3.7% in the same period of the previous fiscal.

The manufacturing sector, which constitutes 77.63% of the index, recorded a low growth of 2.7% in December as against 8.7% expansion in the year-ago month.