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India's industrial production declines in September

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/11/2017 (11:05)
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%.
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