India’s October industrial output at 3-month high of 3.5% y/y

NEW DELHI (Reuters) – India’s industrial output rose 3.5% year-on-year in October, government data showed on Thursday.

Economists polled by Reuters had expected a growth of 3.5%.

Manufacturing output rose 4.1% year-on-year in October, electricity generation grew 2% and mining activity was up 0.9%, the data showed. The sectors had grown by 10.6%, 20.4% and 13.1%, respectively, from a year ago.

In the April-October period, industrial output increased by 4%, compared to a revised 7% from a year earlier.