India: Decline in industrial activity softens in August
October 12, 2020
Industrial output fell 8.0% year-on-year in August (July: -10.8% yoy). The figure marked the best result since February.
The reading reflected a broad-based upturn, with activity in the manufacturing, mining and electricity sectors all improving in August.
Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 12.1%, down from July's minus 11.5% reading.
Author: Steven Burke, Economist