News Summary: India industrial output down 1.8 pct

Published August 9, 2012 5:57pm ET



SLUMP: India’s industrial output fell a worse-than-expected 1.8 percent in June, its third fall in four months, as slumping manufacturing and investment darken the outlook for Asia’s third-largest economy.

DETAILS: Production of capital goods — a sign of investment in things like machinery — fell a worrying 27.9 percent.

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GROWTH CONCERNS: India’s growth is at its lowest in almost a decade.