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India's industrial output unexpectedly contracts in October

Friday, December 9, 2016 - 21:54

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India's industrial output unexpectedly fell 1.9 per cent in October from a year earlier, driven down by a contraction in manufacturing and mining sectors, government data showed on Friday.

[NEW DELHI] India's industrial output unexpectedly fell 1.9 per cent in October from a year earlier, driven down by a contraction in manufacturing and mining sectors, government data showed on Friday.

Economists surveyed by Reuters had forecast a 1.0 per cent growth in output compared with a 0.7 per cent year-on-year rise in September.

REUTERS

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