Business Standard

October IIP contracts 3.8%

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Capital Market
The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of October 2019 stands at 127.7, which is 3.8% lower as compared to October 2018.

The Indices of Industrial Production for the mining, manufacturing and electricity sectors for the month of October 2019 stand at 99.5, 131.1 and 145.8 respectively, with the corresponding growth rates of -8%, -2.1% and -12.2% as compared to October 2018.

IIP dropped 4.3% year-on-year in September 2019, following an upwardly revised 1.4% decline in August.

IIP data for November 2019 will be released on Friday, 10 January 2020.

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First Published: Dec 12 2019 | 5:47 PM IST

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