India’s industrial output up 5.9% y/y in May – Times of India

NEW DELHI: India’s industrial output grew at a stronger-than-expected 5.9% year-on-year in May amid a higher growth in the mining and electricity sectors, government data showed on Friday.
Economists polled by Reuters had expected growth of 4.9%. Industrial output grew 5% in April.
Electricity generation in May was up 13.7%, compared with a 0.9% rise a year earlier. Manufacturing output in May rose 4.6%, slower than the 6.3% growth reported a year earlier.
Mining activity increased 6.6%, compared with a year-ago rise of 6.4%, the data showed.
Industrial output in the April-May period was up 5.4%, against a 5.1% rise a year earlier.