Industrial output growth revised upward at 2.2 pc

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SME Times News Bureau | 13 Jun, 2013
The government Thursday revised upward the industrial production growth to 2.2 percent, just a day after pegging it at 2 percent.

"Due to wrong recording of production data for electricity sector, the Index of Industrial Production for the electricity sector for the month of April 2013 is corrected to 159.1 from 153.8," the Central Statistics Office said in a statement, explaining the revision.

"As a result, the General Index 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 percent higher as compared to the level in the month of April 2012," it said.

The industrial output growth is still lower than the upwardly revised 3.4 percent growth registered in March this year.

Interestingly, even for March the data is revised significantly. In the original estimate announce last month the CSO had pegged March industrial output growth at 2.5 percent.

Wednesday, it revised the March data upward at 3.4 percent.