India's infrastructure output rises 5.4% y/y in July

NEW DELHI: India’s infrastructure output expanded 5.4% year-on-year in July, slowing a tad from the previous month, according to the second release under a revised series, as iron ore and electricity output moderated.

With 2022-23 as the base year, the new series released last month by the government replaces the 2011-12 base year and expands the core sector basket to nine industries from eight, including iron ore.

Infrastructure output had grown a revised 6% in June from a year earlier, according to comparable data released by the government.

Cement output rose 13.1% in July from a revised 9.9% increase in June.

Steel production increased 2.9% last month, compared to a revised 5.6% growth in June.

Electricity generation rose 9% in July, as compared to a revised 11.4% increase in June.

Coal production rose 7.6% in July, compared to a rise of 1.4% the prior month.

India’s industrial output rises 3.5% year-on-year in July

Iron ore production rose 29.5% in July, compared to a revised rise of 44.5% in June.

Crude oil output fell 5.3% in July, compared to a fall of of 4.2% in June.

Fertiliser production declined 8% in July, following a 3.3% contraction in the prior month.

Natural gas production shrank 3.7% in July, as compared to a revised drop of 4.8% in June.

Refinery products output rose 2.7% in July versus a revised 4% fall a month earlier.

The cumulative infrastructure output growth for April-July increased year-on-year at 4.3% from 1.5% in the corresponding period last year.