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National News

Jun 13, 2018
7:39AM

Industrial Production expands by 4.9% in April; improved performance by manufacturing, mining secs

Industrial production expanded by 4.9 per cent in April on improved performance by manufacturing and mining sectors as also a robust offtake of capital goods. The industrial growth, based on Index of Industrial Production (IIP), was 3.2 per cent in April last year. The IIP for March this year has been revised upwards to 4.6 per cent from 4.4 per cent estimated earlier. 

As per the data released by the Central Statistics Office, the manufacturing sector which accounts for over 77 per cent weight of the index, recorded a growth of 5.2 per cent in April this year, up from 2.9 per cent a year ago. Similarly, the mining output grew by 5.1 per cent, compared to 3 per cent in the year ago period. 
On the other hand, retail inflation hit a four-month high of 4.87 per cent in May on costlier fruits and vegetables, and fuel. Based on the Consumer Price Index, the retail inflation was at 4.58 per cent in April. In May last year, it was at a low of 2.18 per cent.

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