India Industry June 2019

India

India: Industrial production growth slows to a four month low in June

August 9, 2019

Industrial production increased 2.0% in annual terms in June, down from May’s revised 4.6% increase (previously reported: +3.1% year-on-year) and marking the lowest reading since February.

In terms of sectors, growth in June was weighed on by weaker readings in the manufacturing and mining sectors. On the other hand, the electricity sector saw growth accelerate in June. By use-based classification, decreased production of capital, consumer durable and construction goods all dragged on industrial production growth. More positively, output of intermediate and consumer non-durable goods grew quickly in June, and output of primary goods also increased.

Annual average growth in industrial production moderated to 3.5% in June from 4.0% in May.

FocusEconomics panelists expect industrial production to increase 4.5% in FY 2019, which is down 0.5 percentage points from last month’s projection. For FY 2020, the panel expect industrial output to expand 5.2%.


Author:, Economist

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India Industry Chart


India Industry June 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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