March IIP below estimates at 4.4% vs 7.1% in February

March manufacturing output at 4.4% vs 8.7% in February

Industrial output grew by 4.4 per cent in March, the slowest in five months, due to a fall in capital goods production and deceleration in mining activity, according to the official data.

Industrial growth measured by the Index of Industrial Production (IIP) in 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal.

The IIP grew by 4.4 per cent in March 2017, the same as in March this year, the data released by the Central Statistics Office (CSO) showed today.

The previous low at 1.8 per cent was recorded in October 2017.

Manufacturing sector, which constitutes over 77