India's Dec factory output growth at 10-mth low of 0.4% on Covid disruption

Manufacturing output contracted 0.1% while mining and electricity grew at 2.6% and 2.8%, respectively

India’s factory output growth decelerated to its lowest in 10 months to 0.4 per cent in December amid Omicron-led restrictions, signaling that the economic recovery in Asia’s third-largest economy remains fragile.  

The data released by the statistics department on Friday showed that manufacturing activity contracted by 0.1 per cent during the month, while mining and electricity output grew at 2.6 per cent and 2.8 per cent, respectively.

The output of capital goods, an indicator of investment demand in the economy, contracted for the third consecutive month, while the output of consumer durables remained in contractionary territory for the fourth straight