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    HomeNewsBusinessEconomyJuly industrial output surprises with 2.6% growth

    July industrial output surprises with 2.6% growth

    Analysts polled by Reuters had expected output to shrink an annual 0.8 percent in July after a 2.2 percent contraction in June.

    September 13, 2013 / 08:56 IST

    India's industrial production jumped an unexpected 2.6 percent in July after contracting for two straight months, government data showed on Thursday, good news for Asia's third-largest economy as it tries to emerge from a deep slump.


    Analysts polled by Reuters had expected output to shrink an annual 0.8 percent in July after a 2.2 percent contraction in June.


    The manufacturing sector, which constitutes about 76 percent of industrial production, rose 3.0 percent from a year earlier, the statistics office said.


    Capital goods production, a barometer for investments in the economy, rebounded by a robust 15.6 percent in July from a year earlier.

    first published: Sep 12, 2013 05:58 pm

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