Tuesday, August 13, 2013

India's factory output contracts 2.2 percent in June

New Delhi, Aug 12 (IANS) India's industrial output contracted by 2.2 percent in June due to a sharp drop in the mining and manufacturing sectors, government data showed Monday.

The latest data has dampened any hope of early economic revival.

The factory output, measured in terms of Index of Industrial Production (IIP), contracted by 1.1 percent in April-June quarter of the current financial year, according to data released by the Central Statistics Office.

Source: http://www.sify.com/finance/india-s-factory-output-contracts-2-2-percent-in-june-news-national-nimskkgchgh.html

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