India: Industrial output records largest decline in six months in February
April 9, 2021
Industrial output decreased 3.6% in February (January: -0.9% yoy). Looking at the details of the release, manufacturing production contracted at a sharper rate in February, and the decline in mining output worsened.
Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 11.9% in February, down from January's minus 11.2%.
Author: Steven Burke, Economist