India’s industrial output picked up some pace in May to grow at a three-month high rate of 5.2% compared to 4.46% in April, with electricity generation growing 0.9% after two months of contraction.
Mining and manufacturing edged up at a swifter rate of 6.4% and 5.7%, respectively, in May, as per data from the National Statistical Office. Within manufacturing, consumer durables turned an ebbing tide for the first time in six months, with output growing 1.1% in May, compared to a 2.5% contraction in April.
Infrastructure and construction goods’ output continued to drive up the Index of Industrial Production (IIP), rising 14% in May after a nearly 13% rise in April. Capital goods’ production also accelerated to grow 8.2% in May from 6.2% in the previous month.
