- Wealth PMS
The Index of Industrial Production showed a 1.55% growth over last year.
As usual, there were crazy revisions. November data which disappointed everyone with 2.7%, is now revised up to 3.62%. September is up to 4.9% from 4.4%. So this could just be a head fake, for all we know.
And the individual components:
Biggest loser was manufacturing at 1.02%. Weirdly, this makes sense – the Manufacturing PMI dropped in Dec as well, and stayed kinda-sorta flat in Jan.
IIP though is a very shady index to follow, so I would be wary of trading it up on down. A better bet would be the budget.