- Wealth PMS (50L+)
MOSPI has released IIP figures today. The Index of Industrial Production fell by 0.12%, year on year, in November 2012. Note the large drop from the October figure of 8%+ which has been offset now.
Mining has fallen substantially over last year, while there has been moderation in both manufacturing and electricity.
The use-based indexes also show moderation in every sub-item:
Growth in consumer durables has declined significantly.
While this data does show a slowdown in growth, it might not be accurate as the IIP is known to be revised often at a later point.
IIP growth for October has been revised to +8.34% from the first announced +8.21%.
IIP Growth for August 2012 has been revised to +1.67% from the first announced 2.66% and the first revision down to +2.29%.