India: Industrial output records quickest growth since June in November
Industrial output rose 7.1% in year-on-year terms in November, which contrasted October’s 4.2% decrease. The print marked the best reading since June. Looking at the details of the release, November’s rebound was broad-based, with the manufacturing, mining and electricity sub-sectors all accelerating.
Meanwhile, annual average industrial production growth rose to 4.2% in November (October: +3.7%). This signals an improving trend in the industrial sector.