Zee Media Bureau
New Delhi: Dashing hopes of quick recovery, industrial output for August slowed to 0.4 percent due to contraction in manufacturing and poor offtake of capital goods.
The cumulative growth for the period April-August 2014-15 over the corresponding period of the previous year stood at 2.8 percent.
Manufacturing - which constitutes over 75 percent of the index, contracted by 1.4 percent in August.
In terms of industries, eleven out of the twenty two industry groups in the manufacturing sector have shown positive growth during the month of August 2014 as compared to the corresponding month of the previous year.
The consumer durables and consumer non-durables have recorded growth of (-) 15 percent and (-) 0.9 percent respectively, with the overall growth in consumer goods remained at (-) 6.9 percent.
