India IIP — Industrial Output Grows 3.2% In October; Lower Than Forecast: CareEdge
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CareEdge Research Report
Growth in industrial output remained unchanged at 3.2% in October 2021 compared with 3.1% in the previous month. The growth number is lower than our forecast of 5.1% during the month.
Negative growth in the capital and consumer goods segment has restricted the growth in overall industrial output. Weakening of the base has contributed to slowing momentum in industrial activity from the double-digit growth witnessed during the first five months of FY22.
Sequential momentum in industrial activity accelerated by 4.3% during the month. Output in all sectors witnessed an improvement over the previous month except electricity, capital goods and consumer goods segment.
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