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Industrial output at 21 month low, slips 0.1%

NEW DELHI: Industrial manufacturing gotten smaller by zero.1 per cent in March this 12 months, the lowest in 21 months, basically because of manufacturing sector decelerate, reliable data showed on Friday.

Factory output, as measured in relation to the Index of Industrial Production (IIP), had grown by 5.three per cent in March 2018, according to data launched by the central statistics place of business (CSO).

IIP's earlier low was once recorded in June 2017, when output shrank by zero.three per cent.

On annual basis, IIP expansion slowed to three-year low of three.6 per cent in the 2018-19 fiscal as in opposition to 4.4 per cent in the earlier fiscal.

Industrial manufacturing expansion was once 4.6 per cent and 3.three per cent in 2016-17 and 2015-16, respectively.

Meanwhile, IIP expansion for February 2019 has been revised downwards to zero.07 per cent from zero.1 per cent previous.

The manufacturing sector, which constitutes 77.63 per cent of the IIP, gotten smaller by zero.4 per cent in March as compared to 5.7 per cent enlargement in the year-ago month.

Capital items output declined by 8.7 per cent in the month under review as in opposition to three.1 per cent contraction in March 2018.

Power sector expansion slowed to two.2 per cent in March as compared to 5.9 per cent a 12 months in the past. Mining sector expansion additionally dropped to zero.8 per cent in March compared to three.1 per cent enlargement a 12 months in the past.

As per use-based classification, expansion rates in March 2019 are 2.5 per cent in primary items, (-) 2.5 per cent in intermediate items and 6.4 per cent in infrastructure/ construction items.

Similarly, shopper durables and shopper non-durables have recorded expansion of (-) 5.1 per cent and nil.three per cent, respectively.

In phrases of industries, 12 out of 23 trade groups in the manufacturing sector have shown damaging expansion right through March 2019 as compared to similar month a 12 months in the past.

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