Industrial Production Registers 6.7% Growth in September, Driven by Manufacturing and Electricity Output

Key facts

• Industrial production grew 6.7% in September, compared to 6.1% expansion recorded a year ago.
• The Index of Industrial Production (IIP) grew 6.8% during the April-September period, compared with 4.4% a year ago.
• Manufacturing, which holds a weight of 76% in the index, grew by 7.6% in September.
• Electricity and gas supply expanded by 11.2% due to higher temperatures caused by heat wave conditions.
• Electricity production from conventional sources recorded a double-digit growth of 16.5% in September.
• Use-based industries registered double-digit output growth in Capital goods (10.4%) and Intermediate goods (12.2%).
• Mining and quarrying activity contracted by 6.2% during the month.
• Consumer durables output decelerated by 6% in September.