India's industrial output slows to 1.7% in May

Growth in the country's industrial output slowed to 1.7 per cent in May this year, year-on-year. Industrial output had grown 8 per cent in May last year. 

According to data released by the Central Statistics Office, today, mining sector output



contracted 0.9 per cent in May, while manufacturing sector output grew 1.2 per cent. Output in the capital goods segment, considered a key indicator of investment, shrank 3.9 per cent in May. But electricity generation expanded 8.7 per cent in May.