India: Industrial output records slowest growth since February in November
Industrial output rose 1.4% in year-on-year terms in November, which followed October’s 4.0% increase. The outturn marked the worst reading since February. November’s slowdown was largely driven by a deterioration in manufacturing output growth, as it expanded at the slowest pace since February. In addition, mining output weakened.
Meanwhile, annual average industrial production growth rose to 19.2% in November (October: +19.0%), signaling an improving trend in the industrial sector.