India: Industrial output growth picks up pace in July
Latest reading: Industrial output expanded 3.5% year on year in July (June: +1.5% yoy). The reading reflected a broad-based improvement, with readings for the manufacturing, mining and electricity sub-sectors all improving in July.
Meanwhile, annual average industrial production growth fell to 3.1% in July (June: +3.2%), signaling a worsening trend in the industrial sector.