Industrial output growth in January increased to 5% , the highest in eight months. Manufacturing and mining sectors drove this growth, ex...
Industrial output growth in January increased to 5%, the highest in eight months.
Manufacturing and mining sectors drove this growth, expanding by 5.5% and 4.4%, respectively.
The growth in these sectors offset a slowdown in the electricity sector, which grew by only 2.4%.
Primary goods output growth improved to 5.5%, up from 3.8% in December.
Consumer goods sector output grew by 2.6%, reversing the previous month's decline of 2%.
Consumer durables grew at a slower rate of 7.2%, compared to 8.3% in December.
Economists predict a full-year Index of Industrial Production (IIP) growth between 5-5.5% if these trends continue.
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