<div>Industrial production expanded at a higher rate of 4.2 per cent in July this year compared to the same month last year as manufacturing activity and offtake of capital goods improved.</div><div> </div><div>The industrial production had grown by 0.9 per cent in July last year.</div><div> </div><div>Industrial growth, measured in terms of the Index of Industrial Production (IIP), was at 3.5 per cent in April-July period against 3.6 per cent in the year-ago period, the data released by the Central Statistics Office (CSO) on Friday ( 11 September) showed.</div><div> </div><div>Moreover, the IIP growth for June has been revised upwards to 4.36 per cent from provisional estimate of 3.8 per cent released last month.</div><div> </div><div>The manufacturing sector, which constitutes over 75 per cent of the index, grew by 4.7 per cent in July 2015 against a contraction of 0.3 per cent in the same month last year.</div><div> </div><div>The output of capital goods, a barometer of investment, grew at an impressive rate of 10.6 per cent against a contraction of 3 per cent in the same month last year.</div><div> </div><div>The mining sector growth was at 1.3 per cent in July against 0.1 per cent in the same month last fiscal.</div><div> </div><div>Power generation growth slowed to 3.5 per cent in July compared to 11.4 per cent in the same month a year ago.</div><div> </div><div>The consumer durables goods output expanded at 11.4 per cent in July compared to a contraction of 20.4 per cent in the month a year ago.</div><div> </div><div>Overall consumer goods output rose by 1.3 per cent in July compared to a contraction of 5.9 per cent in the month a year ago.</div><div> </div><div>In terms of industries, 12 out of 22 groups in the manufacturing sector showed positive growth in July. <br><br>(PTI)</div>
