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India s industrial output lowers in June (Lead)

Friday - August 11, 2017 5:54 pm , Category : BUSINESS

New Delhi Aug 11 (IANS) A decline in the manufacturing sector brought down India s factory output in June official data showed on Friday.

The factory output as per the new Index of Industrial Production (IIP) with revised base year of 2011-12 declined by (-)0.1 per cent during June from a rise of 2.80 per cent reported for May 2017.

As per the IIP data released by the Central Statistics Office (CSO) last month s contraction was mainly on account of a (-)0.4 per cent deceleration in manufacturing output which has the maximum weight in the overall index.

--IANS
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