IIP for April 2014 at +3.36%, Manufacturing Comes Back!

1 Comment » Written on June 13th, 2014 by
Categories: IIP

The Index of Industrial Production (IIP) for April 2014 came in at a nice +3.36%.

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Manufacturing bounded back big time with +2.6%, the best figure since July 2013. Electricity grew nearly 12% on more production. And Mining kept its head above water at +1.2%.

 

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And the use based indexes:

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Basic and Capital goods did really well, with Capital Goods up 15%. Consumer goods, both durables and non-durables, did badly. The demand has moved to industry. This is good because there is a lot of idle manufacturing capacity that needs to be used.

A positive report, and the IIP has gotten more reliable recently. Let’s see how the market takes it (tomorrow).

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The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@capitalmind.in.

One Response to “IIP for April 2014 at +3.36%, Manufacturing Comes Back!”

I thought +3.36% was a fairly good enough number to cheer the market but the lackluster performance tells a different story. Probably markets are treading a not-so-comfortable zone! Your views?