India s YoY factory output up 3.1% in April (Second Lead)

New Delhi June 12 (IANS) A healthy performance of the manufacturing sector accelerated India s April factory output on a year-on-year (YoY) basis official data showed on Monday.

The factory output for April as per the new Index of Industrial Production (IIP) with revised base year of 2011-12 grew by 3.1 per cent over the corresponding month of last year.

However on a sequential basis the output rose marginally slower than the revised estimates for March 2017.

The revised growth estimates for March 2017 was revised upwards to 3.75 per cent from 2.7 per cent.

The factory output had expanded by 6.5 per cent in the corresponding month of the previous year.

As per the IIP data released by the Central Statistics Office (CSO) the expansion on a YoY basis was mainly on account of a 2.6 per cent rise in manufacturing output which has the maximum weight in the overall index.

Besides manufacturing the output of other two major sub-indices -- mining and electricity -- too expanded during the month under review.

The mining output rose by 4.2 per cent and that for electricity generation edged higher by 5.4 per cent.

--IANS
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