Industrial output contracts to 0.6% in December

February 12, 2013 13:05

Indicating persistent sluggishness in the economy, industrial output contracted to 0.6 per cent in December due to poor performance of manufacturing and mining sectors and decline in production of capital as well as consumer goods.

The industrial output, as measured by the Index of Industrial Production (IIP) had grown by 2.7 per cent in December, 2011. Industrial production growth stood at 0.7 per cent during April-December period of this fiscal, down from 3.7 per cent in the same period of 2011-12, according to official data released today.

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