Industrial growth rises by 4.9% in April

The manufacturing sector, which constitute more than 77 per cent of the index, recorded a growth of 5.2 per cent in April, up from 2.9 per cent in the year ago month.

Industrial output expanded by 4.9 per cent in April this year, spurred by higher growth in manufacturing and mining sectors.

The industrial growth, measured on the Index of Industrial Production (IIP), was 3.2 per cent in April last year.

In March this year, industrial production had grown at 4.4 per cent.

As per the data released by the Central Statistics Office (CSO), the manufacturing sector, which constitute more than 77 per cent of the index, recorded a growth of 5.2 per cent in April, up from 2.9 per cent in the year ago month.

The mining sector too expanded by 5.1 per cent, up from 3 per cent in April 2017.

The growth in power generation however slipped to 2.1 per cent in April this year, from 5.4 per cent in the year-ago month.

Photograph: Reuters