Industrial Output Contracts 0.7% In August

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...