India Industrial production February 2023

India: Industrial output growth speeds up slightly in February

Industrial output expanded 5.6% in year-on-year terms in February, which followed January’s 5.5% increase. February’s improvement was largely due to faster growth in manufacturing production. In contrast, mining production weakened.

Meanwhile, annual average industrial production growth rose to 5.2% in February (January: +4.8%), signaling an improving trend in the industrial sector.

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