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Industrial production falls to 19-month low at 0.5% in November

Industrial production in November grew at just 0.5%, its lowest in last 19 months, as compared to 8.1% in October, as per data released by the Central Statistics Office (CSO) Friday. Factory output had grown by 8.5% in November 2017. The Index of Industrial Production (IIP) growth in June 2017 was 0.3%. The manufacturing sector posted contraction of 0.4% in November as against a growth of 10.4% a year ago. Capital goods output fell by 3.4%, compared to 3.7% growth a year ago. The electricity output plunged to 5.1%, while the mining sector recorded 2.7% growth in November.

Read More at The Financial Express News date : 11 Jan 2019, Friday

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