Factory output in April-August contracts by 0.3 per cent, compared to growth of 4.1 per cent in the year-ago periodRemaining in the negative for the second month in a row, industrial production contracted by 0.7 per cent in August due to slump in manufacturing, mining and capital goods segments. On cumulative basis, the factory output in April-August contracted by 0.3 per cent, compared to growth of 4.1 per cent in the year-ago period. The capital goods output registered a steep decline of 22.2 per cent in the month, against a growth rate of 21.3 per cent in last year. Power generation remained almost flat (0.1 per cent) in compared to an expansion of 5.6 per cent in the year ago period. Overall, consumer goods production recorded a growth 1.1 per cent in August compared to 6 per cent, a year ago.

Source: The Hindu October 10, 2016 12:56 UTC