India May industrial output growth 3.8% vs 10.6% yr ago

[K.Karthik Raja]

India May industrial output growth 3.8% vs 10.6% yr ago
Friday, Jul 11
India's industrial output in May sharply slowed down to 3.8%
from 10.6% a year ago, the Central Statistical Organisation said
today.
The index of industrial production had expanded 6.2% a month
earlier.
The latest industrial growth figure is below consensus estimates.
According to a poll of 12 analysts, May industrial growth was pegged
at 6.7%.
Manufacturing output, which accounts for nearly four-fifth of the
total
weight of the Index of Industrial Production, grew 3.9% in May,
compared with 6.7% in April and 11.3% a year ago.
Within manufacturing, output of capital goods grew 2.5% and
consumer durables 4.4%.
In May, electricity generation and mining output grew 2.0% and
5.2%, respectively.
India's industrial output during Apr-May, the first two months of
the new financial year, grew 5.0% compared with 10.9% in the year ago
period

B.Karthick,
Research Analyst.