India’s industrial output contracts in November

by Paul Joseph on January 12, 2013 · 0 comments

The combination of lethargic activities in manufacturing, mining and capital goods sectors pulled India’s industrial production down in November year-on-year, supporting the case for a cut in interest rate. Stats published by the Central Statistics Office on Friday revealed that the index of industrial production slipped 0.1 per cent year-on-year in November 2012, against a revised growth of 8.3 per cent in October 2012. Just three of the past eight months have reported increase in industrial production. read more

[via Stock Watch - Stock Specific News]

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