Industrial production growth rises to 8-month high of 7.1 pc in April.

June 11, 2022

As per government data released, Industrial output growth rose to an eight-month high of 7.1 per cent in April on the back of improved performance by power and mining sectors.
As per the data on Index of Industrial Production (IIP) released by the National Statistical Office (NSO), manufacturing sector recorded a growth of 6.3 per cent in the first month of the current financial year.
The previous high for IIP growth was 13 per cent in August 2021.
According to the NSO, that growth rates over corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of the COVID-19 pandemic since March 2020.
As per the data, power and mining sectors grew by 11.8 per cent and 7.8 per cent, respectively.
As per use-based classification, the capital goods segment recorded a growth of 14.7 per cent, while the consumer durables sector expanded by 8.5 per cent.
According to the NSO the primary goods, intermediate goods, infrastructure/ construction goods, and consumer non-durables sectors expanded by 10.1 per cent, 7.6 per cent, 3.8 per cent, and 0.3 per cent, respectively.