India Industry July 2019

India

India: Industrial production growth accelerates in July

September 12, 2019

Industrial production increased 4.3% year-on-year in July, up from June’s revised 1.2% reading (previously reported: +2.0% year-on-year).

All industrial sectors contributed to the overall acceleration in July, including mining, manufacturing and electricity. By use, industrial production was boosted by strong output increases of intermediate and consumer non-durable goods, while output of primary and infrastructure goods also increased, but output of consumer durable and capital goods decreased at a sharper pace.

Annual average growth in industrial production moderated to 3.2% in July from 3.4% in June.

FocusEconomics panelists expect industrial production to increase 3.8% in FY 2019, which is down 0.7 percentage points from last month’s projection. For FY 2020, the panel expect industrial output to expand 4.8%.


Author:, Economist

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India Industry July 2019

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Ministry of Statistics and Programme Implementation (MOSPI) and FocusEconomics calculations.


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