India: Industrial production growth accelerates robustly in October
December 11, 2020
Industrial output increased 3.6% year-on-year in October (September: 0.5% yoy). The figure marked the best result since February and smashed market expectations of a 1.1% increase.
The reading reflected an upturn in activity in the manufacturing and electricity sectors, while the mining sector contracted.
Meanwhile, the trend pointed up, with the annual average variation of industrial production coming in at minus 10.8%, up from September's minus 11.7% reading.
Author: Steven Burke, Economist