July 12, 2018 / 12:18 PM / 3 months ago

India's industrial output grows 3.2 percent in May

NEW DELHI (Reuters) - India’s industrial output grew 3.2 percent in May from a year earlier, driven by a pick up in capital goods manufacturing, government data showed on Thursday.

FILE PHOTO: A labourer works inside a steel factory on the outskirts of Jammu January 2, 2014. REUTERS/Mukesh Gupta/File photo

Economists surveyed by Reuters had forecast 5.2 percent growth in output compared with a 4.9 percent year-over-year increase in April.

Manufacturing, which contributes 78 percent of industrial output, grew 2.8 percent in May, slower than a 5.2 percent rise in April, as domestic demand slowed.

Reporting by Manoj Kumar; Editing by Malini Menon

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