Slowdown impact: UP industrial output shrinks by 9.6% in October 2019

The month-on-month decrease is more than twice that posted by India's industrial sector in the same month, at 4.3 per cent, according to IIP data released by the Central Statistics Office

Facing slowdown headwinds, Uttar Pradesh’s industrial output contracted sharply by 9.6 per cent in October 2019 over the corresponding month in the last financial year 2018-19.

The month-on-month (MoM) 9.6 per cent decrease in October 2019 is more than twice that posted by India’s industrial sector in October 2019 at 4.3 per cent, according to the Index of Industrial Production (IIP) data released by the Central Statistics Office (CSO).

Interestingly, UP had logged a MoM industrial growth of 0.4 per cent in September 2019 even as the India’s IIP had contracted by 4.3 per cent that month. The state’s industrial output had