India's Aug industrial output growth slows to 0.6%, mining, manufacturing lag

Oct 11 2013, 21:17 IST
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Analysts polled had expected annual industrial output growth of 2.0 percent for the month. Reuters Analysts polled had expected annual industrial output growth of 2.0 percent for the month. Reuters
SummaryIndustrial output growth (Index of Industrial Production) was hurt by weak investment, demand.

showed there was contraction in host of segments, including food products and beverages, wood and its products, basic metals, fabricated metal products and machinery and equipment.

There were expectations that the industrial production (IIP) would be better in the backdrop of the eight infrastructure industries posting a 7-month high growth rate of 3.7 per cent in August.

These eight industries have a weight of about 38 per cent in the IIP.

Industrial output growth slows to 0.6 pc in August

(Reuters) India's industrial output growth slowed to 0.6 percent in August from an upwardly revised 2.75 percent pace in July, hurt by weak investment and consumer demand, government data showed on Friday.

Analysts polled had expected annual industrial output growth of 2.0 percent for the month.

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

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

Industrial production October 11

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