Factory output eases in June; RBI action eyed

Factory output eases in June; RBI action eyed

New Delhi: India’s industrial output in June rose at a slower-than-expected 7.1% from a year earlier, its slowest pace in 13 months, government data showed on Thursday.

The median forecast in a Reuters poll was for an annual rise of 8.4%.

Manufacturing output rose an annual 7.3% in June, the statistics office said in a statement.

Industrial output rose 10.4% in the 2009-10 financial year (April-March) , faster than the 2.8% clocked in the previous fiscal year.

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