India's Industrial Output Rises 1.8% In December

Indian factory activity growth slowed in December. Indian industrial output rose 1.8% y/y in December, versus 5.9% growth in November. However, analysts were expecting a 3.4% expansion. India's industrial production in the April-to-December period climbed 3.6% y/y, versus a 7.8% growth in the year-ago period.