Industrial output up 7.3%

Country's industrial output in March rose a faster-than-expected 7.3% from a year earlier, government data showed today.

Country's industrial output in March rose a faster-than-expected 7.3% from a year earlier, government data showed on Thursday.

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The median forecast in a Reuters poll was for an annual rise of 3.8%.

February's industrial output growth was marginally revised up to 3.65% from 3.6%.

Manufacturing output, which constitutes about 80% of the industrial production, rose an annual 7.9%, the federal statistics office said in a statement.

Industrial output grew 7.8% in the 2010/11 fiscal year that ended in March, slower than 10.5% clocked in the previous fiscal year.