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This Article is From Aug 12, 2013

Factory output contracts further at minus 2.2% in June

India's Index of Industrial Production (IIP) shrunk further in June to -2.2 per cent, its second straight month of contraction, after falling to -1.6 per cent in May.

New Delhi:

India's industrial production contracted 2.2 per cent in June, more-than-expected from a year earlier, government data showed on Monday.

Analysts polled by Reuters had expected output to shrink 1.2 per cent annually. May's output growth was revised down to an annual 2.9 per cent contraction from 1.6 per cent contraction earlier.

The manufacturing sector, which constitutes about 76 per cent of industrial production, shrank 2.2 per cent from a year earlier, the federal statistics office said.

Capital goods production, a barometer for investments in the economy, contracted an annual 6.6 per cent in June from a year earlier.

Copyright: Thomson Reuters 2013

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