IIP grew 4.2% in July

Aided by strong show on capital goods front, factory output growth for July came in at 4.2 per cent, much higher than 3.8 per cent growth recorded in June this year.

For April-July 2015, the index of industrial production (IIP) recorded 3.5 per cent, marginally lower than 3.6 per cent growth in same period last year.

Capital goods output grew 10.6 per cent in July as against contraction of 3 per cent in same month last year.

In nine out of last ten months, capital goods output has recorded positive growth.

Manufacturing sector - which accounts for 75 per cent weightage in IIP - -grew 4.7 per cent in July as against contraction of 0.3 per cent in July last year.

Meanwhile, the Central Statistics Office (CSO) has revised upward the IIP growth for June to 4.4 per cent from 3.8 per cent projected earlier.

In July, Mining sector grew 1.3 per cent (0.1 per cent) and electricity generation grew 3.5 per cent (11.7 per cent)