Better performance by power and mining sectors helped factory output grow by two per cent in September while it had contracted by 0.7 per cent in September last year. Industrial production has shows signs of recovery after remaining flat in August.
Meanwhile, IIP for August this year has been revised to 0.43 per cent from the provisional estimate of 0.6 per cent. According to data released by the Government, industrial output for April-September is 0.4 per cent compared to 0.1 per cent in the same period of 2012-13.
Power generation showed a healthy growth of 12.9 per cent in the month under review. Expansion in power generation was 5.9 per cent in April-September as compared to 4.6 per cent in the same period of the last year.
The mining sector, with a weight of about 14 per cent in IIP, grew by 3.3 per cent in September as against 2.2 per cent in the same month last fiscal. However, during April-September, the output shrank by 2.5 per cent as against a contraction of 1.1 per cent.