Industrial output rises 5%, an 8-month high.
• Industrial output growth reached an eight-month high of 5% in January, driven by expansion in manufacturing and mining sectors.
• The Index of Industrial Production (IIP) was at 3.55 in December.
• Manufacturing expanded by 5.5%, while mining and quarrying expanded by 4.4%.
• The electricity sector experienced a slowdown, expanding at a slower pace of 2.4%.
• Primary goods output growth increased to 5.5% in January from 3.8% a month ago.
• Consumer goods sector output increased by 2.6%, compared to 2% in December.
• Consumer durables sector output expanded at the slowest pace in three months at 7.2%.