India: Industrial output growth gains momentum in February
Industrial output grew 1.7% in year-on-year terms in February, which was above January’s 1.5% increase. Looking at the details of the release, manufacturing output slowed in February, while mining output grew at a quicker pace. Meanwhile, Electricity production also expanded.
Meanwhile, annual average industrial production growth rose to 13.4% in February (January: +12.9%). This signals an improving trend in the industrial sector.