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Index of Industrial Production Data: Big news related to the industrial development of the country is coming out. There has been a huge decline in industrial development. According to the Index of Industrial Production, there has been a decline of 4 percent in the industrial production of the country in the month of October.
here is the data
The Ministry of Statistics and Program Implementation of the Central Government has released these figures on Monday. Manufacturing sector output has come down by 5.6 percent in October 2022. During the period under review, there was a marginal increase of 2.5 percent in mining production and the same power generation increased by 1.2 percent.
how much production
According to the released data of IIP, there has been a decline of 5.6 percent in the production of manufacturing sector in October 2022. At the same time, there was an increase of only 2.5 percent in mining production and 1.2 percent increase in electricity production. On the other hand, during the month of September, there was an increase of 4.6 percent in mining production and 11.6 percent in electricity production.
how was the performance last year
The index of industrial production had increased by 4.2 percent in October 2021 last year. In the same year, in September 2022, the index of industrial production was increased by 3.1 percent. It is known that the performance of Consumer Durables and Non-Durables has been the worst. There has been no improvement in this. Its output has registered a decline of 2 points. Earlier in August, the output of consumer durables had decreased by 2.5 percent, which further decreased to 4.5 percent in September. The output in non-durables goods decreased at the rate of 7.1 percent in September, which decreased at the rate of -9.5 percent in the month of August.
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