APN News

  • Tuesday, October, 2022| Today's Market | Current Time: 06:13:28
  • Industrial production declines by 16.6 % in June: Govt

    Published on August 11, 2020

    Industrial production declined by 16.6 per cent in June, mainly due to lower output of manufacturing, mining and power generation.

    According to the Index of Industrial Production (IIP) data released today, manufacturing sector production registered a decline of 17.1 per cent, while the output of mining fell 19.8  and power fell 10 per cent. 

    In a press release, the Ministry of Statistics and Programme Implementation issued a disclaimer saying that it may not be appropriate to compare the IIP in the post-pandemic months with the IIP for months preceding the COVID-19 pandemic.

    However, on a monthly basis, the Index of Industrial Production has shown improvement. The index, which was 53.6 in April, improved to 89.5 in May and 107.8 in June.

    In view of the preventive measures and announcement of a nationwide lockdown by the government to contain the spread of COVID-19 pandemic, a large number of industrial sector establishments were not operating from March-end, 2020 onwards.

    This has had an impact on the items being produced by the establishments during the period of lockdown. With the lifting of restrictions in the subsequent periods, industrial activity is now resuming. 


    Leave a Reply