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India Industrial Production Grows More Than Expected

Posted by: Insta Forex in Forex Analysis October 12, 2017

India’s industrial production in August grew more-than-economists expected, led by strong output in mining and electricity sectors, preliminary data from the Central Statistics Office showed Thursday.

Industrial production grew 4.3 percent year-on-year in August, which was much faster than the 2.6 percent gain economists had predicted.

The July growth in production was revised to 0.94 percent from 1.2 percent reported initially.

In August, mining output increased 9.4 percent year-on-year, manufacturing grew 3.1 percent and electricity production rose 8.3 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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