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Rediff.com  » Business » Aug industrial output growth slows to 0.6%

Aug industrial output growth slows to 0.6%

October 11, 2013 17:53 IST

India's industrial production growth slowed to 0.6 per cent in August from an upwardly revised 2.75 per cent pace in July, hurt by weak investment and consumer demand, government data showed on Friday.

Analysts polled by Reuters had expected an annual output growth of 2 per cent for the month.

The manufacturing sector, which constitutes about 76 per cent of industrial production, crawled up 0.1 per cent from a year earlier, the federal statistics office said.

Capital goods production, a barometer for investments in the economy, contracted by 2 per cent in August from a year earlier.

Manoj Kumar in New Delhi
Source:
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