The Industrial Output in the country declined by 1.9 per cent in February, an all time low since the 2.5 per cent fall in May last year. Exports also dipped by 3.5 per cent during last month. The Industrial Output fell on poor consumer demand which led to the weak manufacturing sector. The slow growth in Industrial production and exports has prompted the industry to demand an immediate rate cut by the Reserve Bank of India to boost economy.According to the data released by the Government, the Industrial Output, which had shown some signs of recovery in January, again entered the negative territory mainly due to 3.7 per cent contraction in the manufacturing sector.