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February IIP growth at 5% versus -2% YoY, fastest pace in nine months - The Economic Times
NEW DELHI: The Index of Industrial Production (IIP) for February grew at a robust 5% versus a contraction of (-)2% in February last year. This is its fastest pace in nine months, mainly driven by growth in capital goods and consumer goods sectors.
The April-February IIP stands at 2.8% versus (-)0.1% YoY. The IIP data for January has been revised to 2.8% from 2.6%.
While the mining output grew at 2.5% versus 2.3% YoY, the consumer goods output grew at 5.2% versus -5.2% YoY. The ..
Read more at:
http://economictimes.indiatimes.com/articleshow/46877924.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
NEW DELHI: The Index of Industrial Production (IIP) for February grew at a robust 5% versus a contraction of (-)2% in February last year. This is its fastest pace in nine months, mainly driven by growth in capital goods and consumer goods sectors.
The April-February IIP stands at 2.8% versus (-)0.1% YoY. The IIP data for January has been revised to 2.8% from 2.6%.
While the mining output grew at 2.5% versus 2.3% YoY, the consumer goods output grew at 5.2% versus -5.2% YoY. The ..
Read more at:
http://economictimes.indiatimes.com/articleshow/46877924.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
