India: Industrial production growth eases in May
July 14, 2017
Industrial output growth slipped to 1.7% annually in May from April’s 2.8%, according to the recently revised industrial production index. May’s result followed a revised 2.8% expansion in April (previously reported: +3.1% year-on-year).
A sharp contraction in mining output and slower growth of manufacturing goods drove the result. On a use-based classification, the production of capital goods fell notably, while output of intermediate goods slowed.
Annual average growth in industrial production fell from 4.7% in April to 4.2% in May.