India Dec. Industrial Output Growth Below Forecast

India's industrial production increased at a slower than expected pace in December, data released by the Ministry of Commerce and Industry showed Friday.


Industrial production increased 1.8 percent on an annual basis in December, slower than the 2.6 percent growth economists forecast.

Output in the manufacturing industry rose 1.8 percent annually, while production of electricity climbed 9.1 percent during the month. Meanwhile, there was a 3.7 percent year-on-year decline in production in the mining sector.

Production of basic goods rose 4 percent from last year in December, while capital goods output fell 16.5 percent. There was a 2.8 percent annual fall in the production of intermediate goods during the month.
In the April-December period, industrial production grew 3.6 percent from the corresponding period a year earlier, the agency said.