India’s industrial production growth eased in December, largely reflecting the contraction in manufacturing, data from the statistics ministry showed on Friday.
Industrial output grew only 0.4 percent in December from the last year, following November’s 1.3 percent expansion. Economists had forecast the annual rate to slow to 1.3 percent from 1.4 percent estimated initially for November.
Mining output rose 2.6 percent and electricity output advanced 2.8 percent. Meanwhile, manufacturing output was down 0.1 percent.
During April to December, industrial production rose 15.2 percent compared to the 13.3 percent decline in the same period last year.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
