India: Industrial output declines in January
March 12, 2021
Industrial output declined 1.6% compared to the same month of the previous year in January, which contrasted December's 1.6% increase. The reading was partly driven by a deterioration in manufacturing production. In contrast, mining output contracted at a softer pace.
Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 11.3% in January, down from December's minus 10.9%.
Author: Steven Burke, Economist