Food products output contracted by 6.0%, a 35-month low, in Feb 2020
Among the 23 industries tracked by the Central Statistics Office's Index of Industrial Production, the food products industry had the seventh lowest growth rate
Factory output in the food products industry contracted 6.0% in Feb 2020 compared to the same month last year, according to new data released by the Central Statistics Office. In comparison, it had contracted at 1.2% in the previous month of Jan 2020.
Growth in the food products industry was less than that in overall industrial output, which grew 4.5%. Food products made up 5.3% of the overall index of industrial production (IIP), and contributed -0.32% to overall IIP growth.
Among the 23 industries tracked by the Central Statistics Office's Index of Industrial Production, the food products industry had the seventh lowest growth rate. Across all industry sectors, the growth rate was highest in manufacture of basic metals, and lowest in manufacture of motor vehicles, trailers and semi-trailers.
Factory output is measured by the Index of Industrial Production (IIP), a composite index that measures changes in the volume of production of selected industrial goods.
The data has been sourced from Central Statistics Office
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First Published:9 Apr 2020, 09:27 PM IST
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