China Infrastructure Output Rises Most in 1 Year

The infrastructure output in India expanded by 6.3% from the previous year in August of 2025, accelerating from the upwardly revised 3.2% increase in the previous month, to mark the sharpest pace of growth in one year. Infrastructure output was supported by coal (11.4% vs -12.3% in July), steel (14.2% vs 16.6%) and cement (6.1% vs 11.6%), aligned with firms increasing capacity to front-load production before more aggressive tariffs by the US were passed in the end of the month. The period also saw cutbacks in material capacity in Chinese competitors due to Beijing's policy of having clear skies in their military parade. On the petroleum front, output rebounded for refinery products (3% vs -1.1%) and contracted for natural gas (-2.2% vs -3.2%) and crude oil (-1.2% vs -1.3%).