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Industrial Output Growth Slips to Four-Month Low of 6.7% in September
Sentiment: NeutralHigh Priority
What Happened?
India's industrial output growth fell to 6.7% in September, the lowest in four months, driven by a slowdown across major sectors, according to the National Statistics Office.
Key points
- Industrial output growth in September was 6.7%, the weakest since May.
- August's growth was revised down to 7.8% from 8%.
- Manufacturing growth eased to 7.6%, down from 8.6% in August.
- Electricity and gas supply grew 11.2%, down from 12.3% in August.
- Mining and quarrying contracted by 6.2%, marking the third consecutive month of decline.
Key insights
- The decline in manufacturing growth may signal challenges for the sector ahead.
- Continued contraction in mining could affect overall industrial performance.
- The slower growth in electricity generation may raise concerns about energy supply stability.
Why it matters
The slowdown in industrial output could impact economic growth and investment decisions.
Source
Business Standard
