NEW DELHI: Industrial output rose at better-than-expected 2.7% during August with the help of improved performance of the manufacturing and consumer goods sectors.
Economists feel this could act as the starting of a turnaround. The IIP performance had jumped by good performance on the eight core industries front, which rose 2.1% in August.
Mining climbed 2% in August 2012 on a year-on-year basis, while manufacturing posted growth of 2.9%. Electricity production rose 1.9% in August.
In use-based classification, basic goods production jumped 2.8%, capital goods witnessed decline of 1.7% in August.
Intermediate goods output jumped 1.9%, while consumer goods output rose 5% in August.