Remaining in the negative for the second month in a row, industrial production contracted by 0.7 per cent in August due to slump in manufacturing, mining and capital goods segments.
●    The capital goods output registered a steep decline of 22.2 per cent in the month, against a growth rate of 21.3 per cent in last year.
●    This is being considered as the worst growth in decade.
●    The data revealed that mining activities shrunk by 5.6 per cent as in August this year as against a growth of 4.5 per cent in August 2015.
●    Power generation remained almost flat (0.1 per cent) in compared to an expansion of 5.6 per cent in the year ago period.
●    Output of consumer durables registered a growth of 2.3 per cent while growth in non-durables segment was almost flat.
●    Overall, consumer goods production recorded a growth 1.1 per cent in August compared to 6 per cent a year ago.
●    In terms of industries, seven out of 22 industry groups in the manufacturing sector have shown negative growth during August year-on-year.


 

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