India: Industrial output growth eases from April's record rate in May
July 12, 2021
Industrial output increased 29.3% in year-on-year terms in May, which followed April's 134.6% jump. Looking at the details of the release, May’s lose of momentum was broad-based, with the manufacturing, mining and electricity sub-sectors all decelerating.
Meanwhile, the trend improved sizably, with the annual average variation of industrial production coming in at 11.0% in May, up from April’s 7.8% reading.
Author: Steven Burke, Economist