Millennium Post

Govt corrects factory output growth to 2.2% in April

Government on Thursday revised the industrial output growth rate to 2.2 per cent in April from 2 per cent released on Wednesday after a correction in recording of production data for electricity.

'The General Index (of industrial production) for the month of April 2013 is revised upward to 167.8 from 167.3 shown in the press release. The revised index is 2.2 per cent, higher as compared to the level in the month of April 2012,' a Ministry of Statistics and Programme Implementation statement said here.

The factory output measured in terms of index of industrial production (IIP) had seen a contraction of 1.3 per cent in April last year.

Elaborating further the ministry said, 'Due to wrong recording of production data for electricity sector, the Index of Industrial Production (IIP) for the electricity sector for the month of April 2013 is corrected to 159.1 from 153.8 as shown in the press release issued on 12 June, 2013 of this Ministry.'

According to the statement, the indices of industrial production for the mining, manufacturing and electricity sectors for the month of April 2013 now stand at 121.0, 177.8 and 159.1 respectively, with the corresponding growth rates of (-) 3.0 per cent, 2.8 per cent and 3.4 per cent as compared to April 2012.The ministry has also revised the growth rate in the output of basic goods to 2 per cent from 1.3 per cent released on Wednesday.
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