Overview

• Energy-related components—coal, crude oil, natural gas and refinery products—registered output declines in July, driving the deceleration.
• Cement and steel posted double-digit gains of 11.7% and 12.8%, partly offsetting the energy drag.
• Electricity generation edged up 0.5% year on year after a revised 1.2% drop in June.
• The core index accounts for about 40% of industrial production and grew a revised 2.2% in June, up from an initial 1.7%.
• July’s growth compares with 6.3% a year earlier, and April–July stands at 1.6% versus 6.3% in the same period last year.