Manufacturing activity during the month expanded by 3.3 per cent YoY. The two-month industrial production index rose in 44 provinces and cities and decreased in the remaining 19.

However, the IIP figure for the first two months this year fell by 6.3 per cent YoY as the global economy kept facing several difficulties and inflation in many countries remained high despite having moderated, according to a news agency. Manufacturing slid by 6.9 per cent YoY during the two-month period.

Fibre2Fashion News Desk (DS)