Industrial output growth slows to 3.6 percent in February


New Delhi:Industrial growth slowed to 3.6 percent in February, 2011, compared to 15.1 percent expansion in the year-ago period, dragged down by poor performance of manufacturing and mining sectors. However, overall 15 out of 17 industry groups achieved positive growth in the second month of 2011. Growth in factory output in February, as measured in terms of the Index of Industrial Production (IIP), was lower than the 3.95 percent expansion (revised upward from 3.7 per cent) witnessed in the previous month. Industrial output growth during the April-February period this fiscal stood at 7.8 percent vis-a-vis the corresponding period of the previous year. In contrast, industrial output had expanded by 10 percent year-on-year in April-February, 2009-10, official data released here today shows. In February, manufacturing growth plummeted to 3.5 percent from 16.1 per cent a year ago.
Source: PTI