Factory output at three-month low on slow manufacturing, high base effect

Factory output slid to a three-month low of 3.7 per cent in June, primarily due to a slower growth in manufacturing output and a high-base effect, according to data released by the National Statistical Office (NSO) on Friday.
Manufacturing, which accounts for 77.6 per cent of the weight of the Index of Industrial Production (IIP), grew by 3.1 per cent in June as against 12.9 per cent in the year-ago period and 5.8 per cent in May.
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