Industry output grows 5% in February

Industrial output grew 5% in February , the fastest pace of expansion in three months on the back of an improving manufacturing sector and robust growth in electricity and capital goods sector.
The data should bring cheer to policymakers, who are battling to revive growth in the industrial sector and help overall growth in the months ahead.
Data released showed the growth in February is higher than the upwardly revised 2.8% growth in January . Industrial production fell 2% in February last year.
The manufacturing sector, which accounts for nearly 80% of the index of industrial production, rose 5.2% in February compared to a decline of 3.9% in the year earlier period.The mining sector grew 2.5% in February compared to 2.3% in February 2014.
The capital goods sector, which is a key gauge of the industrial activity, rose 8.8% in February compared to a decline of 17.6% in the same period last year. Some signs of improvement were visible in the consumer goods sector, which rose 5.2% in February compared to a decline of 5.2% in February 2014, while consumer non-durables sector shot up 10.7% compared to a decline of 2.07%.
Economists said the data pointed to some revival in demand but urged caution.