Don’t miss the latest developments in business and finance.

June industrial output slumps 1.8 pct

INDIA-ECONOMY-IIP-INDUSTRIAL:June industrial output slumps 1.8 pct

Image
Reuters NEW DELHI
Last Updated : Aug 09 2012 | 11:15 AM IST

India's industrial production contracted 1.8 percent in June, driven down by a slump in manufacturing, government data showed on Thursday.

Analysts had expected a rise of 1 percent in June output, a Reuters poll showed. The output for May was revised to 2.5 percent from 2.4 percent.

Manufacturing, which constitutes about 76 percent of industrial production, shrank an annual 3.2 percent from a year earlier, the federal statistics office said.

In the April-June period, industrial production was almost flat with a contraction of 0.1 percent.

In the 2011/12 fiscal year, industrial output grew 2.8 percent, below the 7.8 percent clocked the year before.

 

Also Read

First Published: Aug 09 2012 | 11:15 AM IST

Next Story