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  title  Market News Updates
IIP contracts for the second straight month to 3.80% in October 2019.Posted on: 16/12/2019 12:22 pm
IIP contracted by 3.80% in October 2019 vis-à-vis 4.30% fall in September. Despite the general consensus in the market the pace of contraction was slower than expected. Though mining and manufacturing showed the sign of picking up, electricity generation showed steep contraction from 2.6% in September to 12.2% in October. Industrial output, as classified by the end-use of goods, also saw a deeper contraction across most categories though intermediate goods output remained positive.