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Friday 11 September 2020

India Industrial Output Shrinks for 5th Month

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(Trading Economics) — Industrial production in India shrank 10.4% year-on-year in July of 2020, following a downwardly revised 15.8% fall in June and compared to forecasts of an 11.5% drop.

It marks the fifth straight month of falling industrial output due to the coronavirus pandemic and a prolonged lockdown.

Manufacturing went down 11.1%, mining sank 13% and electricity output declined 2.5%. Considering April to July, industrial output plunged 29.2%.

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