Factory output growth slowed down to 6.7% in September
FROM THE WIRE · THEHINDUBUSINESSLINE.COM
India’s IIP slowed to 6.7% in September, aided by strong manufacturing and electricity growth amid mining declines and GST impact.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralIndia's industrial output data is a relevant macro indicator for the economy and local equity markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01India's industrial output grew 6.7% in September, a slowdown.
- 02Manufacturing and electricity supported growth.
- 03Mining declines and the GST impact weighed on output.