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Industrial production growth falls for a 4-month low; slows to 3.6% in September

The factory output had grown by 2.6% in September last year.

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Industrial production growth fell to four-month low of 3.6% in September due to subdued performance by manufacturing and non-durable consumer goods segments.

Industrial output growth, measured in terms of the Index of Industrial Production (IIP), was also revised slightly downwards to 6.2% for August from provisional estimate of 6.4% released earlier.

The factory output had grown by 2.6% in September last year.

Industrial output was at 4% in April-September 2015 against 2.9% in the year-ago period,the data released by the Central Statistics Office (CSO) on Thursday showed.

The manufacturing sector, which constitutes over 75% of the index, grew by 2.6% in September, 2015, against 2.7% expansion in the same month last year.

The output of consumer non-durable goods contracted 4.6% in the month under review against a growth of 1.3% in September 2014.

The mining sector growth was at 3% in September 2015 against 0.1% in the same month last fiscal.

Capital goods output, a barometer of investment, grew at 10.5% against a growth of 12.3% in the same month last year.

Power generation grew at 11.4% in September against 3.9%, in the same month a year ago.

In terms of industries, 11 out of 22 groups in the manufacturing sector showed positive growth in September.

Overall consumer goods output grew by 0.6% in September 2015 against a contraction of 4% in the same month a year ago.

Consumer durables output grew at 8.4% in September 2015 against a contraction of 11.1% in the same month a year ago.

Basic goods output grew by 4% in September compared to 5% growth a year ago, whereas intermediate goods output grew by 2.1% in the month under review as compared to 2% growth in the same period last year.

During April-September period, manufacturing sector grew at 4.2% as compared to 2.2% growth in same period a year ago. Capital goods output grew by 7.9% as compared to 6% in the year-ago period.

Power generation grew 4.5% during April-September 2015, against 10.4% in same period a year ago. Mining sector grew at 1.5% during the period.

Overall consumer goods output grew by 2.4% compared to a decline in production by 2.4% in April-September 2014.

Consumer durables sectors grew by 7.6% compared to a contraction of 12.5% in corresponding period.

The output of consumer non-durable goods declined by 0.9% against a growth of 1.9% in April-September 2014. 

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