India's industrial output grows 7.3% in June on manufacturing boost
Official data showed that India's industrial output grew 7.3% year-on-year in June, up from a revised 5.1% growth in May.
India's industrial sector ended June on a strong note, with factory output growing faster than expected. Higher manufacturing activity, supported by increased government spending and steady growth in electricity generation, helped industrial production record a solid rise during the month.
Official data showed that India's industrial output grew 7.3% year-on-year in June, up from a revised 5.1% growth in May.
In May, the government also changed the method used to calculate factory output, shifting from wholesale prices to producer prices.
MANUFACTURING DRIVES THE GROWTH
Manufacturing remained the biggest contributor to industrial growth in June.
Factory output increased 7.8% compared with the same month last year, improving from the revised 5.2% growth recorded in May. The stronger performance in manufacturing played a key role in lifting overall industrial production.
ELECTRICITY AND MINING SUPPORT MOMENTUM
Electricity generation continued to show healthy growth during the month.
Power generation rose 10.6% year-on-year in June, slightly higher than the revised 10.3% increase recorded in May.
Mining activity also returned to growth. The sector expanded 1% in June after registering a revised 1.4% decline in the previous month.
CONSUMER AND CAPITAL GOODS REMAIN STRONG
Production of consumer durables, which includes products such as cars and mobile phones, remained healthy.
Output in the segment grew 7.7% year-on-year in June, compared with a revised 8% increase in May.
Capital goods, often seen as an indicator of investment activity, also posted strong growth. Output in the segment rose 14.2% during June, although this was slightly lower than the revised 15.5% growth recorded a month earlier.
STRONG START TO THE FINANCIAL YEAR
The latest numbers also point to an improvement in industrial activity during the first quarter of the financial year.
Industrial output grew 5.8% during the April-June period, compared with 3.4% growth in the corresponding period a year earlier.
The June data suggests that manufacturing continued to be the main engine of industrial growth, while steady electricity generation and a recovery in mining activity provided additional support to overall output.
India's industrial sector ended June on a strong note, with factory output growing faster than expected. Higher manufacturing activity, supported by increased government spending and steady growth in electricity generation, helped industrial production record a solid rise during the month.
Official data showed that India's industrial output grew 7.3% year-on-year in June, up from a revised 5.1% growth in May.
In May, the government also changed the method used to calculate factory output, shifting from wholesale prices to producer prices.
MANUFACTURING DRIVES THE GROWTH
Manufacturing remained the biggest contributor to industrial growth in June.
Factory output increased 7.8% compared with the same month last year, improving from the revised 5.2% growth recorded in May. The stronger performance in manufacturing played a key role in lifting overall industrial production.
ELECTRICITY AND MINING SUPPORT MOMENTUM
Electricity generation continued to show healthy growth during the month.
Power generation rose 10.6% year-on-year in June, slightly higher than the revised 10.3% increase recorded in May.
Mining activity also returned to growth. The sector expanded 1% in June after registering a revised 1.4% decline in the previous month.
CONSUMER AND CAPITAL GOODS REMAIN STRONG
Production of consumer durables, which includes products such as cars and mobile phones, remained healthy.
Output in the segment grew 7.7% year-on-year in June, compared with a revised 8% increase in May.
Capital goods, often seen as an indicator of investment activity, also posted strong growth. Output in the segment rose 14.2% during June, although this was slightly lower than the revised 15.5% growth recorded a month earlier.
STRONG START TO THE FINANCIAL YEAR
The latest numbers also point to an improvement in industrial activity during the first quarter of the financial year.
Industrial output grew 5.8% during the April-June period, compared with 3.4% growth in the corresponding period a year earlier.
The June data suggests that manufacturing continued to be the main engine of industrial growth, while steady electricity generation and a recovery in mining activity provided additional support to overall output.
India's industrial sector ended June on a strong note, with factory output growing faster than expected. Higher manufacturing activity, supported by increased government spending and steady growth in electricity generation, helped industrial production record a solid rise during the month.
Official data showed that India's industrial output grew 7.3% year-on-year in June, up from a revised 5.1% growth in May.
In May, the government also changed the method used to calculate factory output, shifting from wholesale prices to producer prices.
MANUFACTURING DRIVES THE GROWTH
Manufacturing remained the biggest contributor to industrial growth in June.
Factory output increased 7.8% compared with the same month last year, improving from the revised 5.2% growth recorded in May. The stronger performance in manufacturing played a key role in lifting overall industrial production.
ELECTRICITY AND MINING SUPPORT MOMENTUM
Electricity generation continued to show healthy growth during the month.
Power generation rose 10.6% year-on-year in June, slightly higher than the revised 10.3% increase recorded in May.
Mining activity also returned to growth. The sector expanded 1% in June after registering a revised 1.4% decline in the previous month.
CONSUMER AND CAPITAL GOODS REMAIN STRONG
Production of consumer durables, which includes products such as cars and mobile phones, remained healthy.
Output in the segment grew 7.7% year-on-year in June, compared with a revised 8% increase in May.
Capital goods, often seen as an indicator of investment activity, also posted strong growth. Output in the segment rose 14.2% during June, although this was slightly lower than the revised 15.5% growth recorded a month earlier.
STRONG START TO THE FINANCIAL YEAR
The latest numbers also point to an improvement in industrial activity during the first quarter of the financial year.
Industrial output grew 5.8% during the April-June period, compared with 3.4% growth in the corresponding period a year earlier.
The June data suggests that manufacturing continued to be the main engine of industrial growth, while steady electricity generation and a recovery in mining activity provided additional support to overall output.
