rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » March industrial output shrinks for 2nd straight month

March industrial output shrinks for 2nd straight month

May 12, 2014 17:51 IST

IndutriesIndustrial production shrank for a second straight month in March, falling 0.5 per cent from a year earlier, dragged down by weak consumer demand and capital investments, government data showed on Monday.

Analysts polled by Reuters had forecast a contraction of 1.5 per cent in output.

The fall in February's output was revised to 1.8 per cent on year from 1.9 per cent earlier.

Rajesh Kumar Singh in New Delhi
Source:
© Copyright 2014 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Tags: Reuters