Industrial output grows at 3-mth high of 2.5% in Sept

Showing signs of recovery, industrial production grew at three-month high of 2.5 per cent in September, mainly on account of better mining and manufacturing output and larger offtake of capital goods. The factory output, as measured by the Index of Industrial Production, grew at 2.7 per cent in the same month last year. For August, it was revised to 0.48 per cent from the provisional estimates of 0.42 per cent released last month, according to the data released by the Central Statistics Office today. The industrial production expansion was 4.3 per cent in June and 0.4 per cent in July this year. During the April-September period, IIP rose by 2.8 per cent, as against 0.5 per cent in same period in the previous fiscal. Manufacturing output, which constitutes over 75 per cent of the index, grew by 2.5 per cent in September.