Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

IIP For March 2012 at -3.5%

12 May 2012Deepak Shenoy1 min read

Quick Facts

What is "IIP For March 2012 at -3.5%" about?
What category is this article in?: Economy
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 12 May 2012.
How long does this article take to read?: 1 min read
What topics does this article cover?: Charts, IIP

The Index of Industrial Production (IIP) came in at 3.5% below last year. This data has not been trustable for a long time, so there’s no need to really feel sad.

The trend is supposedly an issue; I wish we had more trustworthy data than this. +4% last month stays unrevised (but they’ll get another chance to alter that in July).

The use-based indexes are like this.

Much about the media hype here was about the fall in capital goods. But look at that graph - it is ridiculously volatile.

Sure, this will be used in policy to state that our growth has slowed, etc. But we have slowed is already evident in corporate results - for the second quarter, companies are showing contracting profits.