5 days ago

Industrial Growth Slows to 6.7% as Mining Contracts

Factories and other industries produced more in July 2026 than they did a year earlier.

Their total output grew by 6.7 percent.

This was slower than the previously reported June growth of 7.3 percent, although June was later revised to 8.8 percent.

Mining was the only major sector to shrink, falling by 0.9 percent.

Manufacturing grew by 7.3 percent.

Electricity and gas supply grew by 8.7 percent.

Electrical equipment, vehicles, and machinery were among the fastest-growing manufacturing areas.

Some goods used by businesses grew strongly, while consumer non-durable goods fell slightly.

Key facts

Overall IIP growth: 6.7 percent in July 2026 year-on-year.
June comparison: June’s revised IIP growth was 8.8 percent, compared with an earlier provisional estimate of 7.3 percent.
Mining and quarrying: Contracted 0.9 percent in July 2026.
Manufacturing: Grew 7.3 percent, with 19 of 23 industry groups recording positive growth.
Electricity and gas supply: Grew 8.7 percent.
Leading manufacturing groups: Electrical equipment grew 28.3 percent, motor vehicles 22.2 percent, and machinery and equipment 12.1 percent.
Use-based classification: Capital goods grew 16.1 percent, intermediate goods 10.0 percent, and consumer non-durables declined 1.0 percent.

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