Industrial production grows 1.8% in Nov, turns positive after 3 months

The Index of Industrial Production (IIP) had grown by 0.2 per cent in November 2018

Having contracted for three months in a row, the Index of Industrial Production (IIP) recorded a growth of 1.8 per cent in November mainly on account of improvement in the manufacturing sector, said government data on Friday.

The IIP growth in November 2018 was 0.2 per cent.

According to the National Statistical Office (NSO) data, the growth in the manufacturing sector was 2.7 per cent as against a contraction of 0.7 per cent in the same month last year.

Electricity generation turned negative (-) 5 per cent as against a growth of 5.1 per cent in November 2018.

Mining sector output decelerated to