India: Industrial production growth accelerates in July
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.