IIP grows at 2.4% in December against 7.3% in year-ago period

Industrial output grew by 2.4 per cent in December, up from 17-month low of 0.3 per cent in November, showed data released by the Central Statistics Office (CSO) on Tuesday.
 
Growth was subdued due to contraction in mining and lacklustre manufacturing expansion.
 
The index of industrial production (IIP) grew at high of 7.3 per cent in December, 2017.
 
For the first nine months of the current financial year (April to December), IIP grew by 4.6 per cent, up from 3.7 per cent over the same period last year.
 
“The moderation in overall growth in industrial production