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Published on 12/07/2018 6:00:26 PM | Source: Reuters

India`s industrial output grows 3.2 percent in May

Posted in Industry News| #Manufacturing Sector #IIP #Industry

NEW DELHI - India's industrial output grew 3.2 percent in May from a year earlier, driven by a pick up in capital goods manufacturing, government data showed on Thursday.

Economists surveyed by Reuters had forecast 5.2 percent growth in output compared with a 4.9 percent year-over-year increase in April.

Manufacturing, which contributes 78 percent of industrial output, grew 2.8 percent in May, slower than a 5.2 percent rise in April, as domestic demand slowed.

(Reporting by Manoj Kumar; Editing by Malini Menon)