Fac­tory out­put re­bounds to 4.3%

The Hindu Business Line - - FRONT PAGE -

In­dus­trial out­put strength­ened in Au­gust to grow at a nine-month high of 4.3 per cent as re-stock­ing of man­u­fac­tured items gained mo­men­tum, shrug­ging off the teething trou­bles posed by GST im­ple­men­ta­tion from July 1. Higher-thanex­pected de­mand on ac­count of the fes­ti­val sea­son also bol­stered fac­tory out­put for the month un­der review, said econ­omy watch­ers. In July, the out­put grew at a muted 0.9 per cent fol­low­ing GST im­ple­men­ta­tion. p4

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