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11 May 2018
 |
| Growthman (The Total Investment & Insurance Solutions) |
Industrial
output grew by 4.4 percent in March, the slowest in five months, due to a fall
in capital goods production and deceleration in mining activity, according to
the official data. The Total Investment
& Insurance Solutions
Industrial growth measured by the Index of
Industrial Production (IIP) in 2017-18 too decelerated to 4.3 percent from 4.6
percent in the previous fiscal.
The IIP grew by 4.4 percent in March 2017,
the same as in March this year, the data released by the Central
Statistics Office (CSO) shoThe previous low at 1.8 percent was recorded in October 2017.
Manufacturing sector, which constitutes over
77 percent of the index, grew at 4.4 percent in March as compared to 3.3
percent in the same month a year ago.
The output of mining sector decelerated to
2.8 percent during the month as compared to 10.1 percent in March 2017.
Similarly, power generation too slowed down
to 5.9 percent as against 6.2 percent in March 2017. The Total Investment & Insurance Solutions
Capital goods output, however, declined by
1.8 percent during March as compared to a growth of 9.4 percent in the
corresponding period last year.
Consumer durables output on the other hand
showed an increase of 2.9 percent as against decline of 0.6 percent in March
2017.
The consumer non-durables segment showed an
impressive growth of
10.9 percent in March as against 7.5 percent in corresponding month last year.
During 2017-18, the manufacturing sector
recorded a growth of 4.5 percent, marginally up from 4.4 percent in 2016-17.
The mining sector as well as power generation
reported deceleration to 2.3 percent and 4.6 percent from 5.3 percent and 5.4
percent respectively in 2016-17.The
Total Investment & Insurance Solutions
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