India’s factory output seven times better than October

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Industrial output for the month of October was at 3.6%, against 0.5% in September, reports the Index of Industrial Production (IIP) data released by the Indian government.

A growth of 3.5% in October was registered by the manufacturing sector, while the output of mining and electricity segments contracted 1.5% and grew 11.2%, respectively. In October 2019, IIP had contracted -6.6%.

Primary goods production contracted to 3.3%, capital goods production grew to 3.3%, intermediate goods grew 0.8%, infrastructure goods grew 7.8%, consumer durables grew 17.6%, and consumer non durables grew 7.5%.

Textile manufacturing contracted 7.7%, while leather and related products grew 3.4%. Wearing apparel contracted 11.8 per cent in October.

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