Factory output, as measured in terms of the Index of Industrial Production (IIP), had grown by 8.5% in November 2017, as per data released by the Central Statistics Office (CSO) on January 11.
The previous low was in June 2017, when IIP growth contracted by 0.3%. The growth for October 2018 was revised upwards to 8.4% from 8.1%.
In the April-November period, industrial output grew 5%, compared to 3.2% in the same period of the previous fiscal.
The manufacturing sector, which constitutes 77.63% of the index, recorded a contraction of 0.4% in November, against a growth of 10.4% a year ago.
The mining sector posted 2.7% growth in the month, against 1.4% in November 2017. The power sector output also grew by 5.1% from 3.9% a year ago.
Capital goods output declined by 3.4%, compared to 3.7% growth a year ago. Consumer durables output also dipped by 0.9%, against a growth of 3.1% a year earlier. Consumer non-durable goods also saw a contraction of 0.6%, compared to 23.7% growth a year ago. In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth in November 2018.
As per use-based classification, the growth rates in November 2018 over November 2017 are 3.2% in primary goods, (minus) 4.5% in intermediate goods and 5% in infrastructure/construction goods.