India: Industrial output grows at fastest pace since February in July
Industrial production expanded 5.6% year on year in July (June: +3.8% yoy). The figure marked the best reading since February. The reading reflected a broad-based improvement, with activity in the manufacturing, mining and electricity sub-sectors all improving in July.
Meanwhile, annual average industrial production growth rose to 3.7% in July (June: +3.4%). This signals an improving trend in the industrial sector.