Industrial production grows 5.7% in November

The country's industrial production grew 5.7 percent in November 2016, compared to a contraction of 3.4 percent in November of the previous year. 

Factory output measured in terms of the Index of Industrial Production, IIP, enhanced in November due to better performance of the manufacturing, electricity and capital goods sectors. 

According to data released by the Central Statistics Office today, the manufacturing



sector, which constitutes over 75 percent of the index, grew 5.5 percent in November last year. Mining output rose 3.9 percent in November, and electricity generation increased 8.9 percent. Capital goods output surged 15 percent during the month. 

Consumer durable output jumped 9.8 percent in November, consumer non-durable production increased 2.9 percent, and overall growth in consumer goods output was 5.6 percent.