India Industry August 2019

India

India: Industrial production sinks in August

October 11, 2019

Industrial production fell 1.1% in year-on-year terms in August, contrasting July’s revised 4.6% increase (previously reported: +4.3% year-on-year).

Most industrial sectors contributed to the slump in August, with output in the manufacturing sector dropping the most, followed by output in the electricity sector. On the other hand, mining production increased marginally in August. By use, production of capital goods collapsed by 21% in August, while output of construction and consumer durable goods also decreased. Meanwhile, output of primary goods, intermediate goods and consumer non-durable goods all increased.

Annual average growth in industrial production moderated to 2.7% in August from 3.2% in July.

FocusEconomics panelists expect industrial production to increase 4.6% in FY 2019, which is up 0.2 percentage points from last month’s projection. For FY 2020, the panel expect industrial output to expand 5.7%.


Author:, Economist

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India Industry August 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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