CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

India's industrial output growth slows to 6.7% in September as mining contracts

By Reuters News

NEW DELHI, Oct 28 (Reuters) - India's industrial output growth INIP=ECI slowed to 6.7% in September, government data showed on Wednesday, as growth in manufacturing and electricity eased, while mining output contracted.

The September data was below the 7.3% growth expected by economists in a Reuters poll and a revised 7.8% expansion in August.


KEY NUMBERS

• Manufacturing output grew 7.6% year-on-year in September against revised growth of 8.6% in August.

• Electricity generation climbed 11.2% year-on-year in September against an increase of 12.3% a month earlier.

• Mining activity fell 6.2% year-on-year in September against a revised decline of 4.6% in August.

• Output of consumer durables, including cars and phones, grew 6% year-on-year in September against a revised 10.5% increase a month earlier.

• Output of consumer non-durables, such as food items and toiletries, rose 1.4% year-on-year in September against a decline of 1.1% in the previous month.

• Capital goods output rose 10.4% year-on-year in September against a revised 15.9% increase in August.

• Industrial output between April and September grew 6.8%, compared to an increase of 4.4% a year earlier.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.