India: Industrial production slows in August
Latest reading: Industrial production rose 4.0% in annual terms in August, following 4.3% growth in the prior month.
Relative to the prior month’s figures, the reading for manufacturing softened in August (+3.8% on a year-on-year basis vs +6.0% in July). In contrast, readings improved for mining (+6.0% vs -7.2% in July) and electricity (+4.1% vs +3.7% in July).