Nov IIP plunges to 19-month low of 0.5%

The Nov IIP grew merely by 0.5% vs. Oct's IIP of 8.1%.

Jan 11, 2019 12:01 IST India Infoline News Service

Oil price fall
The index of industrial production (IIP) in November grew by a meagre 0.5% yoy in November 2018 vs. October's IIP growth of 8.1% yoy, mainly dragged by the decline in capital goods and manufacturing output.

The Nov IIP numbers indicate a 19-month low in India's factory output.

Key Highlights - IIP:

Manufacturing fell 0.4% yoy
Electricity rose 5.1% yoy
Mining grew 2.7% yoy
Capital goods production fell 0.4% yoy

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