Factory output rises by 2.6 pc in July
NEW DELHI: After contracting for two straight months, industrial production entered the positive zone in July, recording a growth of 2.6 per cent on account of improved performance of manufacturing and power sectors.
Factory output measured in terms of the Index of Industrial Production (IIP) had contracted 0.1 per cent in July last year, as per the data released by Central Statistical Organisation today.
Meanwhile, IIP for June was revised upwards to a decline of 1.78 per cent from a provisional 2.2 per cent dip in production. It contracted by 2.8 per cent in May this year.
During April-July this year, factory output contraction remained flat at 0.2 per cent.
The manufacturing sector, which constitutes over 75 per cent of the index, grew by 3 per cent in July compared to zero growth in the month a year earlier. During April-July, the sector saw a decline of 0.2 per cent compared with a contraction of 0.6 per cent in the period last year.
source: EconomicTimes
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