India’s industrial output rose 5.6% y/y in February

NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on Wednesday.

Analysts in a Reuters poll had forecast an expansion of 5.1%.

In January, the output rose 5.2%. In April-February, industrial output grew 5.5% from the same period a year earlier.

Manufacturing, which accounts for about 15% of the Indian economy, rose 5.3% year-on-year in February. Electricity generation during February rose 8.2% over the same period a year earlier, while mining activities increased 4.6%, the data showed.

(Reporting by Sarita Chaganti Singh; editing by Jason Neely)