Thursday, April 12, 2012 2:10 pm
Summary Box: India posts weak industrial output
By The Associated Press
BELOW EXPECTATIONS: The government said January industrial output grew just 1.1 percent over the year before, well below its initial estimate of 6.8 percent growth. February's numbers widely missed the expected 6.5 percent growth.
THE DETAILS: Overall capital goods production - a sign of investment activity - rose 10.6 percent, masking a sharp fall in production of machinery and equipment, which was down 9.4 percent.