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Financial News: India's Industrial Output Rises More Than Forecast

India's Industrial Output Rises More Than Forecast

07/12/2019 - 08:34:00 (RTTNews)

(RTTNews) - India's industrial production grew more than expected in May, data from statistics ministry showed Friday. Industrial production advanced 3.1 percent annually, bigger than the expected 2.9 percent. However, the rate was weaker than the revised 4.3 percent expansion seen in April.

In the same period last year, production had expanded 3.8 percent.

Mining output climbed 3.2 percent and manufacturing gained 2.5 percent. At the same time, electricity output grew sharply by 7.4 percent.

The cumulative growth in overall industrial production for April to May period was 3.7 percent.

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