Domestic Economy
0

H1 Industrial Production Index Registers 6.8 Percent Growth

The second quarter of the current fiscal year (June 21-Sept. 21) saw IPI grow by 11.9% compared with the corresponding period of last year. The rise in Q2 Industrial Production Index resulted in a 6.8% growth in the first half of the current year (March 2
H1 Industrial Production Index Registers 6.8 Percent Growth
H1 Industrial Production Index Registers 6.8 Percent Growth

Most Iranian industries were on the path to growth during the second quarter of the current fiscal year (June 21-Sept. 21), according to the latest data on Industrial Production Index for large industrial units disclosed by Peyman Qorbani, a senior official with the Central Bank of Iran.
The three-month period saw IPI grow by 11.9% compared with the corresponding period of last year.
Noting that 70% of the added value of the industrial sector come from large industrial workshops with more than 100 workers, the official said, “The increase in Q2 Industrial Production Index resulted in a 6.8% growth of the index in the first half of the current year [March 20-Sept. 21].”
The central bank calculates IPI using data of large units with 100 workers or more operating in 24 industries. 
According to the official, 21 out of 24 industries experienced positive growth in Q2. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com