Moneycontrol PRO
HomeNewsBusinessWire NewsJune industrial output slumps 1.8 pct

June industrial output slumps 1.8 pct

INDIA-ECONOMY-IIP-INDUSTRIAL:June industrial output slumps 1.8 pct

August 09, 2012 / 11:22 IST

NEW DELHI (Reuters) - India's industrial production contracted 1.8 percent in June, driven down by a slump in manufacturing, government data showed on Thursday.
Analysts had expected a rise of 1 percent in June output, a Reuters poll showed. The output for May was revised to 2.5 percent from 2.4 percent.
Manufacturing, which constitutes about 76 percent of industrial production, shrank an annual 3.2 percent from a year earlier, the federal statistics office said.
In the April-June period, industrial production was almost flat with a contraction of 0.1 percent.
In the 2011/12 fiscal year, industrial output grew 2.8 percent, below the 7.8 percent clocked the year before.
(Reporting by Manoj Kumar)

first published: Aug 9, 2012 11:22 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347