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India's factory output falls 0.7 per cent in August

India's factory output decelerated by 0.7 per cent in August from a decline of 2.49 per cent in July and a 6.3 per cent rise in the corresponding month of last year, official data showed

India TV Business Desk India TV Business Desk New Delhi Published on: October 10, 2016 22:25 IST
India's factory output shrinks
India's factory output shrinks

India's factory output decelerated by 0.7 per cent in August from a decline of 2.49 per cent in July and a 6.3 per cent rise in the corresponding month of last year, official data showed on Monday.

As per data on Index of Industrial Production (IIP) released by the Central Statistics Office (CSO), the fall was mainly on account of a 0.3 per cent drop in manufacturing output, which also has the maximum weight in the overall index.

Among the other two major sub-indices, electricity generation inched up by 0.1 per cent while that for mining declined by 5.6 per cent.


 

(With IANS inputs)

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