Industrial production index rises
The country's index of industrial production (IIP) saw a year-on-year increase of 5.4 percent in the first nine months of the year, signalling a promising sign in the economic slowdown.
In September alone the IIP is estimated to have increased 5.6 percent over last September, said the Ministry of Planning and Investment (MPI).
The Index is calculated using four groups: the mineral exploitation, processing and manufacturing industry, electricity production and distribution, water supply, and waste management and disposal.
The IIP in mineral exploitation this month is estimated to decrease 5.1 percent from the previous year, while the processing and manufacturing sector shows an 8.5 percent increase. The two sectors have a large impact on the overall IIP.
Electricity production and distribution, as well as water supply industries, saw surges of 9.4 percent and 11.2 percent respectively.