The factory output, as measured by the Index of Industrial Production (IIP), had declined by 2 per cent in February 2014.

In the April-February period of 2014-15, IIP grew 2.8 per cent as against contraction of 0.1 per cent in same period of previous fiscal, as per the data released by the Central Statistics Office (CSO) on Friday.

Meanwhile, the IIP for January has been revised upwards to 2.77 per cent from the provisional estimate of 2.6 per cent released last month.

Manufacturing output, which constitutes over 75 per cent to the index, grew by 5.2 per cent in February 2015 compared to a contraction of 3.9 per cent in the same month a year ago.

For April-February period, the sector saw an output growth of 2.2 per cent, compared to a contraction of 0.7 per cent in the year-ago period.

The output in the mining sector grew by 2.5 per cent in February, compared to a growth of 2.3 per cent in same month last year. During April-February period, output has grown by 1.5 per cent compared to a contraction of 0.7 per cent year-on-year.

Latest News  from Business News Desk