India Industrial Production Falls Sharply

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India’s industrial production declined sharply and at a faster than expected pace in February, preliminary figures from the statistical office showed Monday.

The industrial production index dropped 3.6 percent year-on-year following a 0.9 percent decrease in January. Economists had expected a 3.0 percent fall.

In the same month last year, production grew 5.2 percent.

Manufacturing output fell 3.7 percent from a year ago and mining production dropped 5.5 percent. Electricity output edged up 0.1 percent.

During the April to February year-to-date period, industrial production decreased 11.3 percent and manufacturing output shrank 12.6 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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