March factory output drops 11.25%

March factory output drops 11.25%

The manufacturing production index (MPI) declined for the 11th straight month in March, down 11.25% from a year earlier, hurt by lower production of cars, sugar and petroleum, the industry ministry said on Wednesday.

The performance compared with a forecast drop of 6.25% in a Reuters poll, and against February's revised decline of 4.24%.

Capacity utilisation in March was 67.22%, after February's revised 66.06%. 


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