Pace of industrial production slowed down, production came to the lowest level in three months

According to IIP data released by the National Statistical Office (NSO), manufacturing sector output grew by 3.1 percent in June 2023, up from 12.9 percent a year ago.

Electricity generation to grow by 4.2 percent in June 2023 compared to 16.4 percent a year ago. Mining output grew by 7.6 percent during the month under review, as against 7.8 percent in the year-ago period.

As per use-based classification, the capital goods segment grew by 2.2 percent in June this year, as against 28.6 percent a year ago. The production of consumer durables contracted by 6.9 percent during the month, as against a growth of 25.2 percent in the year-ago period.

The production of consumer non-durables increased by 1.2 percent compared to a 2.9 percent increase from a year earlier. Infrastructure/construction goods registered a growth of 11.3 percent as compared to 9.4 percent in the same period a year ago.

According to the data, the production of primary articles registered a growth of 5.2 percent in the month, as against 13.8 percent in the year-ago period. On the other hand, the production of intermediate goods increased by 4.5 percent in June, compared to an increase of 10.5 percent in the same month last year.