Industrial output entered the negative territory in June contracting by 0.1% mainly due to decline in manufacturing and capital goods sectors. Factory output, measured in terms of Index of Industrial Production, grew 8% in June 2016, according to the data released by the Central Statistics Office today. On a quarterly basis, factory output growth during April-June slowed down to 2% from 7.1% in the corresponding period last year. This is the first time in the current fiscal, the industrial output has shown a decline. Capital goods output, which is the barometer of investment, declined by 6.8 per cent from a growth of 14.8 per cent a year ago.

Source: Hindustan Times August 11, 2017 12:45 UTC