India's industrial production up a measly 0.6%

Bucked the improvement trend.

According to DBS, Aug industrial production (IP) out on late Friday bucked the modest improvement seen in economic releases in the past month. Headline IP underwhelmed by rising 0.6% YoY, down from revised 2.8% the month before and consensus at 2.0%.

Here's more from DBS:

This takes the fiscal ytd pace to 0.1% further easing from FY12/13’s 1.2%. Despite the strength in the core industries output, positive exports growth and seasonal support, production stayed below trend in Aug.

The breakdown held little surprises. Accounting for two thirds of overall output, manufacturing output has declined for three of the five months so far in this fiscal year (Aug -0.1%).

Mining remained in red while electricity production fared better, latter calming concerns over potential power shortages.