Manufacturing decline pulls factory output down by 1.2 per cent in February: IIP

The output of other two major sub-indices -- mining and electricity -- expanded during the month under review.

Author: Indo-Asian News Service

Updated: April 12, 2017, 6:30 PM IST

Share

Share Article

• Facebook
• WhatsApp
• X
• Email
• Telegram
• Linkedin

https://www.india.com/news/manufacturing-decline-pulls-factory-output-down-2021899/ Copy

(Symbolic Image)

New Delhi, Apr 12: India’s factory output contracted by (-)1.2 per cent in February, as manufacturing activity dipped, official data showed on Wednesday.

The factory output, as per the Index of Industrial Production (IIP), had decelerated by (-)1.2 per cent during February from a rise of 3.2 per cent reported for January 2017. The factory output had expanded by 1.9 per cent in the corresponding month of the previous year.

As per the IIP data released by the Central Statistics Office (CSO), the contraction was mainly on account of a 2 per cent decline in manufacturing output, which has the maximum weight in the overall index.

However, the output of other two major sub-indices — mining and electricity — expanded during the month under review. The mining output rose by 3.3 per cent and that for electricity generation inched up by 0.3 per cent.

The cumulative growth of the country’s factory output has inched higher by 0.4 per cent in the 11 months of the last fiscal — April-to-February — period.

This is published unedited from the IANS feed.