India: Industrial production rebounds in November
January 10, 2020
Industrial production increased 1.8% in November compared to the same month a year earlier, contrasting the 4.0% decrease in October.
Output in the mining and manufacturing sectors both jumped in November compared to the same month a year earlier, contributing to the month’s improved reading. However, output in the electricity sector dropped. By use, industrial production in November was spurred by a surge in intermediate goods production; however, capital goods production slumped.
Annual average growth in industrial production accelerated to 1.1% in November from 0.9% in October.
Author: Edward Gardner, Economist