Industrial output sees fastest fall in 7 yrs in Aug

The country's industrial output slumped the most in nearly seven years and contracted for the first time in over two years. The slump was led by a sharp decline in the crucial manufacturing, capital goods and consumer durables sectors. The capital goods sector, seen as a key gauge of industrial activity, contracted 21% in August compared with 10.3% growth in the same month a year earlier.

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