Industrial production growth slips to 2 pc in June

Representative purpose only. Photo: iStock

Industrial production growth dropped to 2 per cent in June, mainly on account of poor show by mining and manufacturing sectors, according to official data released on Friday (August 9).

Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7% in June 2018.

There was a slowdown in the manufacturing sector, which grew at 1.2 % in June as compared to 6.9% a year ago. The expansion in power generation sector stood at 8.2%, compared to 8.5% earlier.

Mining growth dropped to 1.6% in June from 6.5% in the corresponding month of the last fiscal.