With positive business sentiments of the country, mining and manufacturing activity pushed the industrial production at nine-month high of 5 per cent in February.
According to the data released by the Central Statistics Office (CSO) on Friday, Industrial Production (IIP) grew at nine-month high of 5 per cent in February on improved mining and manufacturing activity coupled with larger take of capital goods.
Manufacturing output, which constitutes over 75 per cent to the index, grew by 5.2 per cent in February 2015 compared to a contraction of 3.9 per cent in the same month a year ago. “Fifteen out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of February year-on-year,” said the data.