India: Industrial output drops at sharpest pace since October 2022 in August
Latest reading: Industrial output dropped 0.1% in year-on-year terms in August, which contrasted July’s 4.7% increase. The outturn marked the worst reading since October 2022. August’s notable deterioration came on the back of contractions in mining and electricity output.
Meanwhile, annual average industrial production growth fell to 5.0% in August (July: +5.9%). This signals a worsening trend in the industrial sector.