Factory Output Growth Slumps To 0.5% In November, Slowest Since June 2017

Industrial Production Growth (IIP) Slows In November: Factory Activity Data


Industrial production growth stood at 0.5 per cent in November, the government said on Friday. That marked the the slowest rate of growth recorded since June 2017. The industrial production or factory output, determined by Index of Industrial Production (IIP), also fell way short of a forecast of 4.1 per cent in a poll of economists by news agency Reuters.

The growth in industrial production in October was revised upwards to 8.4 per cent, from 8.1 per cent, the data showed.

(With agency inputs)



Read Full Story

Leave a Reply

Your email address will not be published. Required fields are marked *