India’s factory output remains subdued in August

New Delhi, Oct 10 (IANS) India’s factory output remained subdued for the second consecutive month — decelerating by 0.7 per cent in August from a decline of 2.49 per cent in July and a 6.3 per cent rise in the corresponding month of last year, official data showed on Monday.

As per data on Index of Industrial Production (IIP) released by the Central Statistics Office (CSO), the fall was mainly on account of a 0.3 per cent drop in manufacturing output, which also has the maximum weight in the overall index.

Among the other two major sub-indices, electricity generation inched up by 0.1 per cent while that for mining declined by 5.6 per cent.

–IANS

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