India Industry November 2019

India

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.

FocusEconomics panelists expect industrial production to increase 2.1% in FY 2019, which is down 1.7 percentage points from last month’s projection. For FY 2020, the panel expect industrial output to expand 3.6%.


Author:, Economist

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India Industry November 2019 1

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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