Industrial output in the country grew by 5.1 percent in May, the highest in five months. This was mainly due to better growth in manufacturing, electricity generation, capital goods and consumer goods production. On the other hand, the mining and quarrying sector recorded negative growth for the fifth consecutive month. The statistics ministry has made some changes in the Index of Industrial Production (IIP) and will now report the figures based on the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI). Economists say that these changes are likely to lead to revisions in the manufacturing sector figures. The increase in consumer goods production is seen as a sign of strengthening domestic demand.
- Featured
Industrial production hits five-month high of 5.1 percent
-
tmanasa
- June 30, 2026
- 0 Comments
- 2 Views
-
Industrial output in the country grew by 5.1 percent in May, the highest in five months. This was mainly due to better growth in manufacturing, electricity generation, capital goods and consumer goods production. On the other hand, the mining and quarrying sector recorded negative growth for the fifth consecutive month. The statistics ministry has made some changes in the Index of Industrial Production (IIP) and will now report the figures based on the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI). Economists say that these changes are likely to lead to revisions in the manufacturing sector figures. The increase in consumer goods production is seen as a sign of strengthening domestic demand.
