Tuesday, July 10, 2007

India's Industrial Output Growth Probably Slowed on Rupee, Interest Rates

(Bloomberg) -- India's industrial production growth
probably slowed for a second month in May as higher interest
rates damped consumer demand and currency gains weakened exports.

Output at factories, utilities and mines rose 12 percent
from a year earlier, following a 13.6 percent increase in April,
according to the median forecast of 15 economists in a Bloomberg
News survey. The Central Statistical Organisation will release
the production numbers at noon in New Delhi tomorrow.


Read more at Bloomberg Emerging Markets News

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