Industrial output jumps 7% in June to 5-month high; manufacturing up 6.9%

Similarly, growth in the infrastructure/construction goods segment also picked up in June at 8.5 per cent, much ahead of the 4.9 per cent seen in the previous month

The country’s industrial output jumped seven per cent in June to a five-month high, due to a boost in manufacturing growth as well as an uptick in capital goods production.

In June, the Index of Industrial Production (IIP) grew at almost double the pace of May when it had risen 3.92 per cent. This can be attributed mainly to the manufacturing segment — constituting the bulk of the index at 77.6 per cent — growing by 6.9 per cent, up from only 2.8 per cent in May.

Among the 23 sub-sectors within manufacturing, only four recorded a year-on-year contraction, down