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  Business   In Other News  12 Mar 2022  Factory output expands by 1.3% in January

Factory output expands by 1.3% in January

THE ASIAN AGE.
Published : Mar 12, 2022, 2:11 am IST
Updated : Mar 12, 2022, 2:11 am IST

The IIP numbers had fallen to 0.6 per cent a year ago in January 2021 and rose just 0.4 per cent in December 2020

The data, however, showed output growth in the mining sector rose to 2.8 per cent in January compared to a rise 2.6 per cent in December, while manufacturing sector output grew 1.1 per cent against a de-growth of 0.9 per cent in December. — Representational image/DC
 The data, however, showed output growth in the mining sector rose to 2.8 per cent in January compared to a rise 2.6 per cent in December, while manufacturing sector output grew 1.1 per cent against a de-growth of 0.9 per cent in December. — Representational image/DC

New Delhi: After hitting a 10-month low in December, industrial output growth, as measured by the Index of Industrial Production, or IIP, slightly recovered to 1.3 per cent in January from 0.7 per cent in December.

The IIP numbers had fallen to 0.6 per cent a year ago in January 2021 and rose just 0.4 per cent in December 2020, the data released by Ministry of Statistics and Programme Implementation showed on Friday.

The data, however, showed output growth in the mining sector rose to 2.8 per cent in January compared to a rise 2.6 per cent in December, while manufacturing sector output grew 1.1 per cent against a de-growth of 0.9 per cent in December.

Tags: industrial output increases, index of industrial production, mining sector growth