INDIA: Industrial Production the Slowest in Four Months.
Feb-13 01:51
- India’s statistics office released the December industrial production numbers yesterday with production rising much less than expected.
- Industrial production for December was up +3.2% YoY, missing estimates of +3.7% YoY, and significantly down from +5.0% YoY in November.
- This represented the slowest expansion in four months with the manufacturing sector the main drag, expanding just +3.0% YoY (from +5.5%).
- The decline may be a temporary blip (depending on the fortunes for manufacturing) as other sectors such as consumer durables output, electricity generation and mining showed improvements.
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