India: Industrial production growth accelerates in April
June 12, 2018
Annual industrial production growth accelerated to 4.9% in April from a revised 4.3% in March (previously reported: +4.4% year-on-year). The expansion in April was primarily supported by strong growth in the mining and manufacturing sectors. On the other hand, the electricity sector expanded at a weak pace in April.
On a use-based classification, higher industrial production in April was driven by strong growth in the production of capital goods. Moreover, output of both consumer non-durable and infrastructure goods was strong in April. Meanwhile, modest production growth was observed for intermediate goods and consumer durable goods in April.
Author: Edward Gardner, Economist