NEW DELHI, Feb 10 Reuters India39;s industrial output in December rose 4.3 year on year, data from the Ministry of Statistics showed on Friday.

That was lower than the 4.5 expected by analysts polled by Reuters. In November output topped 7 while in December 2022 it rose 1.

Industrial output for AprilDecember rose 5.4 versus 15.3 in the same period last year when the data reflected a low base effect due to the pandemic.

In December, manufacturing rose 2.6 year on year compared with a 0.6 expansion last year.

Mining output rose 9.8 versus 2.6 a year earlier.

Electricity consumption rose 10.4 against 2.8 last year, the data showed.

The YoY growth in the IIP is likely to improve in the ongoing quarter partly boosted by the typical yearend push in volumes to achieve targets, said Aditi Nayar, an economist at ICRA.

India39;s fiscal year starts April 1 and runs through March.

Nayar added that a fall in exports due to global weakness will be a key risk to India39;s manufacturing sector.

Reporting by Aftab Ahmed; editing by Jason Neely

Source Reuters