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Business News

Feb 12, 2019
7:48PM

Industrial growth remains subdued at 2.4 per cent in December

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Industrial output growth remained subdued at 2.4 per cent in December 2018 on account of contraction in the mining segment and poor show by the manufacturing sector. 


According to the data released by the Central Statistics Office, CSO, Factory output as measured in terms of the Index of Industrial Production had grown by 7.3 per cent in December 2017.


The industrial growth for November 2018 was revised downwards to 0.3 per cent from the provisional estimate of 0.5 per cent released last month.


In terms of industries, 13 out of 23 industry groups in the manufacturing sector showed positive growth during December 2018.


The manufacturing sector, which constitutes 77.63 per cent of the index, recorded a low growth of 2.7 per cent in December as against 8.7 per cent expansion in the year-ago month.

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