India: Industrial output growth moderates in July
September 12, 2022
Industrial output expanded 2.4% compared to the same month of the previous year in July, which followed June's 12.7% increase. The reading was partly driven by a deterioration in manufacturing production growth. In addition, mining output fell.
Meanwhile, annual average industrial production growth fell to 5.6% in July (June: +6.3%), which marked an over one-year low.