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Economy

IIP for May 2013 at–1.6%, Lowest in a Year

The Index of Industrial Production (IIP) data for May 2013 came in on Friday at –1.59% over last year, the first IIP drop since December 2012 and the biggest since July 2012.

IIP Data May 2013

However, April IIP data was revised downwards to +1.89% from the first reported +2.51%.

Feb 2013 IIP was revised back up to +0.57% after the first revision down to +0.46%.

Components

While Mining and Manufacturing slipped into negative territory on IIP growth, Electricity sprung a surprise and went up 6%.

IIP Components, May 2013

(Click to magnify)

And for the usage level data we see a downmove in everything, with the Consumer Durable segment going below -10%.

IIP Use Based, May 2013