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Factory output likely shrank 0.8% in July

Infrastructure sector output rose 3.1% year-on-year in July from 0.01% in the previous month

Reuters  |  Bangalore 

   India's factory output likely shrank for the third straight month in July, albeit at a slower pace than the month before as production in the country's core industries picked up, a Reuters poll found.   The poll showed output at factories, mines and utilities shrank an annual 0.8%, after contracting 2.2% in June, according to the median consensus of 22 economists.   "Underlying industrial production momentum is expected to remain weak, despite a slight improvement in the infrastructure index," economists at Barclays said in a ...

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First Published: Tue, September 10 2013. 09:05 IST