Financial News: India Industrial Production Growth Eases To 4.2%

India Industrial Production Growth Eases To 4.2%

08/12/2024 - 08:43:00 (RTTNews)

(RTTNews) - India's industrial production expanded at a weaker pace in June amid slowdowns in the growth of the electricity and manufacturing sectors, data from the Ministry of Statistics and Programme Implementation revealed on Monday.

Industrial output advanced 4.2 percent year-over-year in June, slower than the revised 6.2 percent rise in May. Economists had expected the growth to ease to 5.5 percent.

Among the major three sectors, the overall growth was mainly driven by an 8.6 percent surge in electricity output. However, the rate of growth eased notably from 13.7 percent in May.

Similarly, the annual growth in manufacturing production softened to 2.6 percent from 5.0 percent. Meanwhile, mining growth quickened from 6.6 percent to 10.3 percent.

During April to June, industrial production grew 5.2 percent from the same period last year, data showed.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Brazil Inflation Eases To 4.24% (10 min(s), 26 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation eased for the first time in four months in Augus ...Full Story»

Hungary Inflation Eases To 3.4%, Lowest In 42 Months (01 hr(s), 16 min(s), 26 sec(s) ago)
(RTTNews) - Hungary's consumer price inflation slowed in August to the lowest level in three-a ...Full Story»

Austria Production Index Declines At Slower Pace (01 hr(s), 44 min(s), 26 sec(s) ago)
(RTTNews) - Austria's production index posted a slower decline in July, figures from Statistic ...Full Story»

Czech Inflation Steady At 2.2% (02 hr(s), 31 min(s), 26 sec(s) ago)
(RTTNews) - The Czech Republic's consumer price inflation held steady in August after rising i ...Full Story»

Norway Inflation Eases Unexpectedly, Producer Prices Rise Further (03 hr(s), 28 min(s), 26 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased somewhat in August, while producer prices ...Full Story»

Spain Industrial Output Falls For First Time In 4 Months (04 hr(s), 01 min(s), 26 sec(s) ago)
(RTTNews) - Spain's industrial production declined for the first time in four months in July d ...Full Story»

German Inflation Slows As Estimated (04 hr(s), 38 min(s), 26 sec(s) ago)
(RTTNews) - Germany's consumer price inflation weakened, as initially estimated, in August due ...Full Story»

Italy Industrial Production Falls 0.9%, Exceeds Forecast (05 hr(s), 03 min(s), 26 sec(s) ago)
(RTTNews) - Italy's industrial production declined more-than-expected in July after rising in ...Full Story»