March 2014 IIP: Down 0.5% Ending a Lousy Year for Industrial Production

27

India’s Index of Industrial Production (IIP) for March 2014 comes in at a dismal -0.5% which has been a sorry trend of the last three years.

image

And sector wise, we’re seeing a slowdown in Mining and Manufacturing continue. Electricity, after a strong showing of over 11% in Feb, has moderated to only +5%.

image

Open Demat Account at AngelBroking.co
Open Demat Account at AngelBroking.co
Open Demat Account at AngelBroking.co
Open Demat Account at AngelBroking.co

And if you like, here’s the use based indexes.

image

Basic Goods and Consumer Non-Durables seem okay. But the data for Consumer Durables, Capital Goods and Intermediates looks like it’s getting worse every day.

Impact: Are you kidding me? There’s a new ruling party! Who cares about IIP?

Related Posts Plugin for WordPress, Blogger...