August 12, 2010 7:05 PM

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Industrial growth down to 7.1 % in June<br/>

Snapping an eight-month trend of double-digit rise, industrial growth slowed to 7.1 per cent in June, this year. The figure was 8.3 per cent in the same month a year ago. Growth in manufacturing, which constitutes around 80 per cent of the Index of Industrial Production, fell to 7.3 per cent, from 8 per cent a year ago, According to government data released today, electricity generation expanded 3.5 per cent, from 8 per cent in June 2009. Mining expanded 9.5 per cent, compared to 14.2 per cent a year ago. But consumer durables grew a strong 27.4 per cent, against 16.2 a year ago.As many as 13 out of 17 industries posted positive growth in June.But despite a slowdown in June, factory output still expanded by a robust 11.6 per cent in the first quarter of this year, against 3.9 per cent growth in the year-ago period.Finance Minister Pranab Mukherjee said the latest industrial growth figures are below his expectations.

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