Robust performance of mining and power sectors help Industrial production grow at nine-month high of 4.3 per cent in August this year

The country’s industrial production grew at a nine-month high of 4.3 per cent in August this year. This was mainly due to a robust performance of the mining and power sectors. Factory output measured in terms of the Index of Industrial Production had grown 4 per cent in August last year. According to a data released by the Central Statistics Office, manufacturing sector output grew 3.1 per cent in August, mining sector output surged 9.4 percent, and electricity generation increased 8.3 per cent. Production of capital good rose 5.4 per cent in August. Consumer durables output increased 1.6 percent, and consumer non-durables output rose 6.9 per cent during the month.