Home Business IIP rises to 9-month high of 4.3% in August

IIP rises to 9-month high of 4.3% in August

Industrial Production
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The country’s industrial production grew at a nine-month high of four point three percent in August this year.

This was mainly due to a robust performance of the mining and power sectors. Factory output measured in terms of the Index of Industrial Production had grown 4 percent in August last year.

According to data released by the Central Statistics Office, manufacturing sector output grew 3.1 percent in August, mining sector output surged 9.4 percent, and electricity generation increased 8.3 percent.

Production of capital good rose 5.4 per cent in August. Consumer durables output increased 1.6 percent, and consumer non-durables output rose 6.9 percent during the month.

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