Tag Archives: Contracts

Factory Output Contracts For The Third Month In A Row

Factory output in January contracted for the third straight month, in an indication that the manufacturing sector continues to struggle with sluggish demand and overcapacity. According to data released on Friday, factory output — measured by Index of Industrial Production (IIP) –  contracted 1.5 per cent in January. The higher-than-expected decline was on account of the sharp de-growth in capital ... Read More »