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India's Factory Output Remains Subdued For Second Consecutive Month
India’s Factory Output Remains Subdued For Second Consecutive Month

India’s factory output remained subdued for the second consecutive month — decelerating by 0.7 per cent in August from a decline of 2.49 per cent in July and a 6.3 per cent rise in the corresponding month of last year, official data showed on Monday.

ALSO READ: India’s Retail Inflation Down, But Factory Output Contracts

As per data on Index of Industrial Production (IIP) released by the Central Statistics Office (CSO), the fall was mainly on account of a 0.3 per cent drop in manufacturing output, which also has the maximum weight in the overall index.

Among the other two major sub-indices, electricity generation inched up by 0.1 per cent while that for mining declined by 5.6 per cent.