Industrial output declines for 2nd month, dips 1.3% in Dec
The country’s industrial production declined for the second month in a row, shrinking 1.3 per cent in December 2015, mainly due to fall in manufacturing and capital goods output. Industrial output had grown 3.6 per cent in December 2014.
According to data released by Central Statistics Office capital goods contracted 19.7 per cent in December 2015, while the manufacturing sector contracted 2.4 per cent. But growth in the mining sector improved to 2.9 per cent during the month. And consumer durables output showed a robust growth of 16.5 per cent in December 2015.
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