IIP growth slows to 6.6% in July; down from 6.9% in June

The IIP growth for June was revised downwards to 6.9 per cent from the provisional estimate of 7 per cent released last month, the data showed

Industrial production grew at 6.6 per cent in July on the back of good performance by the manufacturing sector and higher offtake of capital goods and consumer durables.

Factory output measured in terms of the Index of Industrial Production had expanded by just 1 per cent in July last year, according to the data released by Central Statistics Office (CSO).

The IIP growth for June was also revised downwards to 6.9 per cent from the provisional estimate of 7 per cent released last month, the data showed.

The manufacturing sector recorded a 7 per cent growth in July as against