India’s Core Sector Output Falls for First Time in 42 Months

• Core sector output in India fell to a nine-month low in August, marking the first contraction in three and a half years.
• Six of eight infrastructure segments experienced a year-on-year production contraction.
• Fertilizers and steel output grew at a milder pace than July, with steel production experiencing the slowest increase in 26 months.
• Electricity generation reached a five-month low in August, while refinery products reached a six-month low.
• Coal and electricity output recorded their first contraction in at least 13 months.