HomeBusinessIndustrial production remains flat at 0.2% growth in September

Industrial production remains flat at 0.2% growth in September

@the_news_21

Industrial production remained flat at 0.2 per cent growth in September, despite higher output of mining and power generation sectors, official data showed on Thursday.

According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 0.6 per cent.

The output of mining and power segments grew at 1.4 per cent and 4.9 per cent, respectively.

The IIP had contracted by 4.6 per cent in September 2019.

With the gradual relaxation of restrictions, there has been a relative improvement in the economic activities by varying degrees as well as in data reporting, the Ministry of Statistics and Programme Implementation said in a statement.

It may not be appropriate to compare the IIP in the post-pandemic months with the IIP for months preceding the COVID-19 pandemic, it added.

Subscribe to TheNews21

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

[mc4wp_form id="160939"]

41 COMMENTS

Must Read

spot_img

Html code here! Replace this with any non empty text and that's it.

Must Read

spot_img