Industrial production growth slips to 3.2% in May while retail inflation rises to 5% in June

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Business News

Jul 13, 2018

8:11AM

Industrial production growth slips to 3.2% in May while retail inflation rises to 5% in June

Industrial production growth slipped to a seven-month low of 3.2 per cent in May mainly due sluggish performance of manufacturing and power sectors and other reasons, according to the data released by the Central Statistics Office yesterday.

The manufacturing sector, which constitutes 77.63 per cent of the index, grew by just 2.8 per cent in May, marginally up from 2.6 per cent in the corresponding period last year.

The mining sector output recorded an impressive growth of 5.7 per cent in May as against 0.3 per cent in May last year. The FMCG sector was the worst performer among the user based goods segment.