- Wealth PMS (50L+)
The Index of Industrial Production (IIP) for April 2012 has come in at 0.12% which is weak but stronger than March’s negative –3.47% (which has been revised to –3.15%)
Manufacturing rebounded up to 0.06% while Electricity showed some strength at 4.6%. Mining, though, seems to have lost some steam.
This data isn’t very reliable, and I would only take it with a pinch of salt. However the slowing down trend is fairly clear even with other data.
The use based indexes:
This seems to only be a pause of some sort, while the downtrend resumes.