Factory output slows to 3.8% in September

New Delhi, November 10 

Industrial production grew at a slower pace of 3.8% in September, mainly due to subdued performance of the manufacturing sector coupled with contraction in output of consumer durables.

Factory output measured in terms of the Index of Industrial Production (IIP) rose 5% in September 2016 and 4.5% in August this year, data released by the Central Statistics Office (CSO) showed today.

According to the data, IIP grew at a meagre 2.5% in April-September this fiscal compared to 5.8% in the first half of 2016-17.

In September, growth in the manufacturing sector, which accounts for 77.63% of the index, slowed to 3.4%, from 5.8% a year earlier. During April-September, manufacturing grew at 1.9%, down from 6.1% in the same period last fiscal.

Consumer durable goods output contracted by 4.8% in September as against a growth of 10.3% in the previous year. During the first half of this fiscal, the output of these goods declined by 1.5% as against a growth of 6.9% last year. — PTI

Poor show 

• Factory output grew at a meagre 2.5% in April-September this fiscal compared to 5.8% in the first half of 2016-17
• In September, growth in the manufacturing sector, which accounts for 77.63% of the index, slowed to 3.4%, from 5.8% a year earlier
• During April-September, manufacturing grew at 1.9%, down from 6.1% in the same period last fiscal