Factory output measured in terms of the IIP had expanded by three per cent in April last year, the Central Statistics Office (CSO) said Friday. The IIP had grown by 2 per cent in February this year, after a 1.6 per cent decline in January. Overall, 9 of the 22 industry groups in manufacturing sector showed negative growth in April 2016 as compared to year ago period. Capital goods production, a barometer of investment, declined sharply by 24.9 per cent in April compared with a growth of 5.5 per cent during the same month last year. In March, the IIP had grown by 0.3 per cent.

Source: The Telegraph June 10, 2016 13:07 UTC