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Factory output for August 2018 falls to 4.3%

Factory output for August 2018 falls to 4.3%

Factory output for August 2018 falls to 4.3%
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By Suman Singh  Oct 12, 2018 6:07:55 PM IST (Updated)

The general index of industrial production (IIP) for the month of August fell to 4.3 percent compared to the previous month's 6.6 percent.

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The indices of industrial production for the mining, manufacturing and electricity sectors for the month of August 2018 stand at  -0.4 percent, 4.6 percent and 7.6 percent respectively.
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A poll conducted by CNBC-TV18 showed that the IIP for August 2018 is expected to be in the range of 3 percent and 3.5 percent.
That prediction was probably based on slower output growth from eight core industries - accounting for nearly 40 percent of total industrial production
The core sector slowdown will be led by coal and steel output, analysts said.  adding that slower auto production and unfavourable base added to the weaker production.
In July, manufacturing sector was at 7 percent and is expected to be slower in August.
Nikkei manufacturing PMI softened to 51.7 in August 2018 compared to 52.3 in July. Manufacturing PMI rose to 52.2 in September.
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