News Summary: India industrial output down 1.8 pct

AP News
Posted: Aug 09, 2012 1:57 PM

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.

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