Did factory output slip in July?

Index of Industrial Production (IIP), or factory output data, for the month of July, is scheduled to be released today evening by Ministry of Statistics & Programme Implementation.

For the June month, the factory output rose by 2.1%, for the second consecutive month.

source: tradingeconomics.com

The Reuters poll found, the annual growth in industrial output is expected to decelerate to 1.7% in July from June's eight-month high of 2.1%, due to a slower pace of expansion for electricity generation and mining.

source: tradingeconomics.com

Infrastructure output, which accounts for nearly a third of total industrial production, grew at a slower annual pace of 3.2% in July.

A slowdown in industrial activity does not bode well for Asia's third largest economy, especially after overall growth faltered to a 15-month low between April and June.