By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Factory Output Contracts For The Third Month In A Row
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

Factory Output Contracts For The Third Month In A Row

srijita
Last updated: 2016/03/11 at 5:53 PM
By srijita 1 Min Read
Share
SHARE
Factory Output Contracts For The Third Month In A Row
Factory output in January contracted for the third straight month, in an indication that the manufacturing sector continues to struggle with sluggish demand and overcapacity.

According to data released on Friday, factory output — measured by Index of Industrial Production (IIP) –  contracted 1.5 per cent in January. The higher-than-expected decline was on account of the sharp de-growth in capital goods, whose output shrank 20.4 per cent. Consumer goods output growth was flat.

10 out of the 22 industry groups in the manufacturing sector recorded negative growth in January 2016 as compared to the same month last year.

Positive growth was recorded by the mining sector, where output rose 1.2 per cent, and in the electricity sector, where output rose 6.6 per cent.

The factory output data comes as a huge disappointment to the government that aims at raising the contribution of manufacturing output from the current 16 per cent to 25 per cent of gross domestic product (GDP) by 2025.

April-January IIP stood at 2.75 per cent.  December IIP was revised to negative 1.2 per cent.

[“source-ndtv”]

You Might Also Like

How Google’s AI can help transform health professions education

Certified AC Technicians in Ocala: Your Local Cooling Experts

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

From Traditional Payments to Innovative Solutions: How Car Insurance Is Adapting to Modern Needs

TAGGED: A, Contracts, Factory, for, in, Month:, Output, Row, The, Third
srijita March 11, 2016
Share
Previous Article Vitara Brezza’s Pricing Could Catapult Maruti In SUV League
Next Article Colgate Extends Restructuring Programme, to Cut More Jobs

Calendar

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    

Latest Trending News

  • The Ferrari 849 Testarossa Combines Power and Tradition September 13, 2025
  • User Review of FZ S Hybrid September 10, 2025
  • Lexus Cars Get Cheaper after GST 2.0: Check Full Price List September 9, 2025
  • How Google’s AI can help transform health professions education September 3, 2025
  • Your Ebike Battery is Draining Too Quickly? Six Reasons August 29, 2025
  • Test of Turbo Petrol-Powered Automobiles: Actual City and Highway Fuel August 26, 2025
  • Buying a Used VW Car in Albuquerque? Here’s What to Know August 21, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?