India's industrial production declines in September
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, India’s industrial output growth declined to 3.8% in September on a yearly basis from last month’s 4.5% increase, missing the estimates of a growth of 4.1%.
The decrease in the country’s industrial production was mostly attributed to slower manufacturing activities along with lower consumer durables output.
The country’s manufacturing sector declined to 3.4% year-on-year from 5.8% while consumer durable goods output slowed to 4.8% compared to 10.3% registered in the previous year.
Mining production, meanwhile, grew 7.9% in September from 3.1%.
The decrease in the country’s industrial production was mostly attributed to slower manufacturing activities along with lower consumer durables output.
The country’s manufacturing sector declined to 3.4% year-on-year from 5.8% while consumer durable goods output slowed to 4.8% compared to 10.3% registered in the previous year.
Mining production, meanwhile, grew 7.9% in September from 3.1%.
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