Industrial production shrank 0.7 per cent in August as compared to a 2.4 per cent contraction in July, mainly on account of declining output in manufacturing and capital goods sectors.
On a cumulative basis, the factory output, as measured by the index of industrial production, in April-August declined by 0.3 per cent compared with the corresponding period a year ago.
Output in mining, manufacturing and electricity sectors for the month of August grew 0.6 per cent, (-)1.2 per cent and 5.7 per cent, respectively.
Among other sectors, output in capital goods slumped 22.2 per cent in capital goods.
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