Consumer durables, including cars and phones, grew 7.7% year-on-year in June, cooling slightly from May’s revised 8% rise.

The base-year revision affects 234 of 463 item groups (about 36% of the index weight) and aligns with international best practices and the Technical Advisory Committee’s recommendations.

Core industries rose 5% in June, the highest in five months, reflecting broader coverage and updated statistics under the FY23 base.

Industrial output rose 7.3% year-on-year in June 2026, led by manufacturing strength and gains in electricity and gas supply.

Mining activity expanded 1% year-on-year in June, reversing a revised 1.4% drop in May.

Analysts and markets will watch the upcoming release for confirmation of growth trends and potential implications for inflation, employment, and GDP contributions.

The shift to a 2022-23 base year marks the IIP’s 10th base-year change, expanding coverage to include gas, water, sewerage, waste management, and new items while dropping some outdated products, with sectoral linking factors to align old and new series.

Auto sector strength drove growth, with motor vehicles and auto components contributing notably.

June 2026 marks the third monthly release under the new IIP series, with May’s revised IIP at 5.0%.

The new IIP series uses 2022-23 as the base year to reflect evolving structure and include producer prices in the measurement.

The overall growth rate indicates stronger performance across core sectors, potentially influencing policy and investment sentiment.

Food products growth was supported by tea, non-basmati rice, and starch.