India Infrastructure Output Slows

India's infrastructure output expanded by 0.7%, slowing from the upwardly revised 1% expansion in the earlier month, marking the softest pace of expansion since August of 2024.

Output expanded sharply for electricity (-5.8% vs 1.7% in April), fertilizers (-5.9% vs -4.2%), and natural gas (-3.6% vs -0.9%).

On the other hand, output expanded for coal (2.8%) vs 3.5%), steel (9.2% vs 6.3%), and cement (6.7%).