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LATEST NEWS UPDATES | Factory growth slows to 10-month low

Factory growth slows to 10-month low

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published Published on Oct 13, 2018   modified Modified on Oct 13, 2018
-The Hindu

Slowdown in consumer durables hits August manufacturing ; retail inflation rises to 3.77% in Sept.

New Delhi:
Industrial production slowed to a 10-month low of 4.3% in August, due in large part to a drastic deceleration in the manufacturing, mining, and consumer durables sectors, according to official data released on Friday.

The Index of Industrial Production (IIP) slowed in August from its growth rate of 6.61% in July. Within the index, the manufacturing sector slowed to 4.6% in August from 6.96% in July, while the mining sector contracted by 0.4% in August, down from a growth of 3.68% in July.

The starkest slowdown, however, was in the consumer durables sector, which saw growth come down to 5.2% in August from 14.36% in the previous month.

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The Hindu, 12 October, 2018, https://www.thehindu.com/business/factory-growth-slows-to-10-month-low/article25208812.ece?homepage=true


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