Truth Finder
FULL MEMBER
- Joined
- Jun 9, 2013
- Messages
- 1,353
- Reaction score
- -3
- Country
- Location
(Reuters) - India's industrial production jumped an unexpected 2.6 percent in July after contracting for two straight months, government data showed on Thursday, good news for Asia's third-largest economy as it tries to emerge from a deep slump.
Analysts polled by Reuters had expected output to shrink an annual 0.8 percent in July after a 2.2 percent contraction in June.
The manufacturing sector, which constitutes about 76 percent of industrial production, rose 3.0 percent from a year earlier, after months of contractions, the statistics office said.
Capital goods production, a barometer for investments in the economy, rebounded by a robust 15.6 percent in July from a year earlier.
Analysts polled by Reuters had expected output to shrink an annual 0.8 percent in July after a 2.2 percent contraction in June.
The manufacturing sector, which constitutes about 76 percent of industrial production, rose 3.0 percent from a year earlier, after months of contractions, the statistics office said.
Capital goods production, a barometer for investments in the economy, rebounded by a robust 15.6 percent in July from a year earlier.
![[Bregs]](/data/avatars/m/148/148509.jpg?1491816884){kind=avatar}
