India’s industrial production declined more than expected in January reflecting the weakness in manufacturing, data from the Central Statistics Office revealed Friday.
Industrial production dropped 1.5 percent from a year ago, bigger than December’s revised 1.2 percent fall. Economists had forecast a 0.5 percent drop.
Manufacturing output decreased 2.8 percent, while electricity output climbed 6.6 percent and mining gained 1.2 percent in January.
During April to January, industrial production increased 2.7 percent from the same period of last year.
The material has been provided by InstaForex Company – www.instaforex.com