Industrial production grows at slowest pace in six years

Industrial production grows at slowest pace in six years

Industrial
production rose 3.8% in May 2008, much lower than revised 6.2% growth
in April 2008, the government data released today, 11 July 2008,
afternoon showed. It was the slowest growth in more than six years.

Industrial production growth for April 2008 revised downwards to 6.2% from earlier 7%.

Manufacturing, which accounts for about 80% the Index of Industrial
Production (IIP) gained 3.9% in May 2008. Electricity output rose 2%
percent, mining grew 5.5%, consumer-goods production increased 7.2% and
capital goods production rose 2.5%.