According to latest data, the industrial production growth slipped to 3.8 per cent in May, the lowest in six years, from 10.6 per cent a year earlier. The numbers were 6.3 per cent in April and 3.9 per cent in March of this year. The April numbers of index of industrial production was revised to 6.2 per cent, from 7 per cent earlier.
For the two months of April and May, the industrial output grew at 5 per cent, from 10.9 per cent a year earlier. In the May numbers, consumer goods grew at 7.2 per cent, while manufacturing goods growth came in at 3.9 per cent, vs 11.3 per cent a year earlier. May electricity growth was at 2 per cent, from 9.4 per cent a year earlier. However, the consumer durables sectors came back strongly to grow at 4.4 per cent, from a negative growth of -0.7 per cent a year earlier.
For the two months of April and May, the industrial output grew at 5 per cent, from 10.9 per cent a year earlier. In the May numbers, consumer goods grew at 7.2 per cent, while manufacturing goods growth came in at 3.9 per cent, vs 11.3 per cent a year earlier. May electricity growth was at 2 per cent, from 9.4 per cent a year earlier. However, the consumer durables sectors came back strongly to grow at 4.4 per cent, from a negative growth of -0.7 per cent a year earlier.
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