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India's June industrial output grows 7.3% y/y on manufacturing boost
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By Shubham Batra NEW DELHI, July 28 (Reuters) - India's industrial output growth accelerated to 7.3% in June, data showed on Tuesday, helped by strong manufacturing activity on the back of increased government spending and a continued expansion in electricity generation. Economists polled by Reuters expected industrial output growth to accelerate to 5.7% in June from a revised 5.0% a month earlier. In May, the government shifted to producer prices from wholesale prices for calculating factory output. KEY NUMBERS • Manufacturing output grew 7.8% year-on-year in June against a revised growth of 5.2% in May. • Electricity generation rose 10.6% year-on-year in June against a revised increase of 10.3% a month earlier. • Mining activity climbed 1% year-on-year in June against a revised 1.4% fall in May. • Output of consumer durables, including cars and phones, rose 7.7% year-on-year in June against a revised 8% increase a month earlier. • Capital goods output rose 14.2% year-on-year in June against a revised 15.5% increase in May. • Industrial output in April-June grew 5.8%, compared to an increase of 3.4% a year earlier. (Reporting by Shubham Batra in New Delhi; Editing by Harikrishnan Nair)
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