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Sept IIP slows to 3.6%; manufacturing to 2.6%

Updated: Nov 12, 2015 06:33:38pm
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New Delhi, Nov 12 (KNN) India’s industrial output grew at a slower-than-expected pace of 3.6 per cent in September compared to nearly three-year high of 6.3 per cent in August, government data showed on Thursday.

IIP for August was revised to 6.3 per cent from 6.4 per cent.

IIP was at 4 per cent in the April-September period against 2.9 percent in the year-ago period, the data released by the Central Statistics Office (CSO) Thursday showed.

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

During April-August period, manufacturing sector grew at 4.2 percent as compared to 2.2 percent growth in same period a year ago. The mining sector growth was at 3 percent in September against 0.1 percent in the same month last fiscal.

Also, the retail inflation climbed to a four-month high in October as food prices escalated on supply deficiency in pulses.

Consumer price index based inflation rose to 5 per cent in October versus 4.41 per cent in the previous month, data released by the central statistics office showed on Thursday.

The retail food inflation rose to 5.25 per cent in October versus 3.88 per cent in August mainly on account of supply shortage in pulses. (KNN Bureau)

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