India’s industrial output up more than expected in July

INDIA’S industrial output rose 5.7 per cent year-on-year in July, data from the Ministry of Statistics showed on Tuesday (Sep 12).

Analysts in a Reuters poll had forecast an expansion of 4.8 per cent. Industrial output for June was revised up slightly to 3.8 per cent from 3.7 per cent.

Manufacturing output rose 4.6 per cent year on year in July from 3.1 per cent in June.

Electricity generation during July rose 8 per cent over the same period a year earlier, while mining activities increased 10.7 per cent, the data showed. In June, electricity generation rose 4.2 per cent, and mining activities increased 7.6 per cent.

Industrial output in the first four months of the fiscal year that started in April was up 4.8 per cent from the same period a year ago. REUTERS