Industrial output, as measured by index of industrial production (IIP), grew 2.7 per cent in May. This is lower than the downwardly revised 3.36 per cent growth recorded in April.
Economists polled by NDTV had forecast May industrial output to rise 4 per cent.
The growth in manufacturing sector slowed down to 2.2 per cent in May. In comparison, the manufacturing sector grew a 5.1 per cent in April. The manufacturing sector contributes nearly three-fourth to the IIP index.
Among other sectors, mining sector recorded a growth of 2.8 per cent in May and electricity output rose at 6 per cent.
The cumulative industrial output growth for April-May was at 3 per cent.
Economists polled by NDTV had forecast May industrial output to rise 4 per cent.
The growth in manufacturing sector slowed down to 2.2 per cent in May. In comparison, the manufacturing sector grew a 5.1 per cent in April. The manufacturing sector contributes nearly three-fourth to the IIP index.
Among other sectors, mining sector recorded a growth of 2.8 per cent in May and electricity output rose at 6 per cent.
The cumulative industrial output growth for April-May was at 3 per cent.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
