Did factory output slip in July?

Infrastructure output, which accounts for nearly a third of total industrial production, grew at a slower annual pace of 3.2% in July.

The Reuters poll found, the annual growth in industrial output is expected to decelerate to 1.7% in July. Photo: Reuters

Index of Industrial Production (IIP), or factory output data, for the month of July, is scheduled to be released today evening by Ministry of Statistics & Programme Implementation.

For the June month, the factory output rose by 2.1%, for the second consecutive month.

source: tradingeconomics.com

The Reuters poll found, the annual growth in industrial output is expected to decelerate to 1.7% in July from June's eight-month high of 2.1%, due to a slower pace of expansion for electricity generation and mining.

source: tradingeconomics.com

Infrastructure output, which accounts for nearly a third of total industrial production, grew at a slower annual pace of 3.2% in July.

A slowdown in industrial activity does not bode well for Asia's third largest economy, especially after overall growth faltered to a 15-month low between April and June.

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