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India's December Industrial Output Contracts 0.6%

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India's industrial production fell an unexpected 0.6 percent in December from a year earlier weighed down by manufacturing, government data showed on Tuesday, extending a period of gloom in Asia's-third largest economy.

(Read More: India Central Bank Chief Warns on Record Current Account Gap)

Analysts polled by Reuters had expected output to grow 1.1 percent annually.

Manufacturing, which constitutes about 76 percent of industrial production, fell 0.7 percent from a year earlier, the federal statistics office said.

(Read More: India Services PMI Rises to One-Year High in January)

In the April-December period, industrial production expanded an annual 0.7 percent.

Contact Asia Economy


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