Industrial output continues negative growth in July
Business Today
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HomePhotoBT NEWSFLICKS Industrial output continues negative growth in July
Industrial output continues negative growth in July
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Manufacturing which has the highest weightage (77.6 per cent) in the IIP has seen a further improvement in output growth during July 2020. It improved to -11.14 per cent in July from -17.13 per cent in June and -38.4 per cent in May. This can be directly linked to the easing of restrictions on the operation of manufacturing units. Manufacturing output during April-July 2020 contracted by 33 per cent versus the 3 per cent growth in the same period of 2019.