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Rediff News  All News  » 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
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