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Last updated: 12 Feb, 2019  

Industry.9.Thmb.jpg Industrial production rate plunges in December

Industry.9.jpg
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SME Times News Bureau | 12 Feb, 2019

Industrial production growth for the month of December plunged to 2.4 per cent from a rise of 7.3 per cent reported for the corresponding month of 2017, official data showed on Tuesday.

Data released by the Central Statistics Office (CSO) showed that growth rate of factory production decelerated in December 2018 to 2.4 per cent.

However, on a month-on-month basis, the Index of Industrial Production (IIP) has increased during the month under review from November 2018 when it stood at 0.32 per cent.

"The cumulative growth for the period April-December 2018 over the corresponding period of the previous year stands at 4.6 per cent," the CSO said.

 
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