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Business EconomyPosted at: Dec 12 2019 7:54PM


October factory output contracts 3.8 per cent

New Delhi, Dec 12 (UNI) Industrial production contracted 3.8 per cent in October against a 4.3 per cent contraction in September, the Index of Industrial Production (IIP) data released on Thursday showed.
Manufacturing output, which accounts for more than three-fourths of the entire index, contracted 2.1 per cent in October against a contraction of 3.9 per cent in September.
Mining production fell 8 per cent in October against a fall of 8.5 per cent in September.
The growth of primary products fell 6 pe rcent last month against a fall of 5.1 per cent in September.
Capital goods production fell 21.9 per cent in October against a fall of 20.7 per cent in September.
Consumer durables fell 18 per cent last month against a 9.9 per cent fall a month ago.
Electricity production contracted 12.2 per cent in October against a contraction of 2.6 percent in September.
Industrial or factory output is the closest approximation for measuring the economic activity of the country's business landscape.
UNI SRJ
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