India: Industrial output decelerates for fourth consecutive month in June
Latest reading: Annual growth of industrial output decelerated for the fourth consecutive month in June, clocking in at 1.5%, which was a deterioration from May’s 1.9% increase. June’s result was the worst since August 2024 and undershot market expectations. An acceleration in manufacturing output was more than offset by a sharper decline in mining output, which has been weighed on by lower coal prices and export demand from China.
Meanwhile, annual average industrial production growth fell to 3.2% in June (May: +3.5%), signaling a worsening trend in the industrial sector.