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# Business

Factory output sinks 1.2% in February

Country’s Index of Industrial Production (IIP) or factory output slipped by 1.2% on year-on-year basis for the month of February,…

SNS | New Delhi | April 12, 2017 12:47 pm

Factory output sinks 1.2% in February

(Getty Images)

Country’s Index of Industrial Production (IIP) or factory output slipped by 1.2% on year-on-year basis for the month of February, Ministry of Statistics & Programme Implementation said on Wednesday.

The IIP now stands at 182.3, down 1.2%, as compared to February 2016.

Sector wise, mining sector grew by 3.3 per cent, manufacturing sector fell by 2 per cent and electricity production rose by 0.3 per cent in February 2017 as compared to February 2016.

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Meanwhile, India's Consumer Price Index (CPI) inflation retail inflation rose to 3.81 per cent in March from 3.18 per cent during the previous month.

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