India’s factory output growth contracts to 7.1% in December

作者:Carmen 时间:2018-02-13 22:53:15 標籤: 分類:

India’s industrial output growth slowed to 7.1 percent in December after hitting a 25-month high of 8.4 percent in November.

Factory output measured by the index of industrial production (IIP) is the closest approximation for measuring economic activity in the country’s business landscape.

Manufacturing sector, which accounts for more than three-fourths of the entire index, grew 8.4 percent in December 2017, compared with 10.2 percent growth in November 2017, government data showed.

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Capital goods output, which is a proxy to measure private sector investment activity, rose 16.4 percent in December compared with 9.8 percent in November.

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Consumer durables output grew 0.9 percent in December 2017, as compared with a 2.9 percent jump in November.

Consumer non-durables shot up 16.5 percent in December as compared with a growth of 3.3 percent a year ago. Mining production grew 1.2 percent in December.

本文來源:http://www.moneycontrol.com/news/business/economy/indias-factory-output-contracts-7-1-in-december-2506061.html

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