India Industry December 2018

India: Industrial production growth accelerates in December

Annual industrial production growth accelerated to 2.4% in December, up from November’s revised 0.3% (previously reported: +0.5% year-on-year). The result overshot market analysts’ expectations of 1.6%.

In terms of industrial sectors, production growth improved in December due to stronger growth in manufacturing output, which represents approximately 80% of total industrial production in India. On the other hand, growth in electricity generation slowed and mining output decreased. On a use-based classification, industrial production in December was supported by strong growth in output of construction goods, in addition to higher production of capital goods, consumer non-durable goods and consumer durable goods. On the flip side, output of primary goods and intermediate goods fell in December.

India Industrial Production Forecast

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