Growth in the country’s industrial production improved to 4.2 per cent in July this year, from 0.9 percent growth in July last year, as manufacturing activity and offtake of capital goods increased.
According to data released by the Central Statistics Office, the manufacturing sector grew 4.7 per cent in July. Output of capital goods, a barometer of investment, grew at an impressive 10.6 per cent during the month, while mining sector growth was 1.3 per cent.
But power generation growth slowed to 3.5 per cent in July. Consumer durables goods output expanded 11.4 percent, while overall consumer goods output rose 1.3 per cent in July.
The industrial growth figure for June has been revised upwards to 4.4 per cent, from the provisional estimate of 3.8 percent.