India: Industrial production drops in December
Industrial production decreased 0.3% in December compared to the same month a year earlier, contrasting the 1.8% increase in November.
Industrial output fell due to declines in the manufacturing and electricity generation sectors in December; on the other hand, output rose in the mining sector. By use, industrial production in December was dragged on by a sharp fall in capital goods output, in addition to a heavy drop in consumer durable goods production.
Annual average growth in industrial production eased to 0.8% in December from 1.1% in November.