Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Jan 2013 IIP at +2.4%

13 Mar 2013Deepak Shenoy1 min read

Quick Facts

What is "Jan 2013 IIP at +2.4%" about?
What category is this article in?: Economy
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 13 March 2013.
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), an indicator I tend to distrust for lack of any relation to reality, shows an uptick in Jan. (Why do I track it? It’s all we have)

All the index numbers seem to show a small recovery. But it’s too early to call a turn around. Recent numbers – of December and October – have been revised up marginally to 8.40% and –0.50% respectively.

Another way to look at IIP is the use based indexes. I’ve attached them below:

Other than in capital goods, every other item sees some sort of upmove in Jan. Will this sustain into the future? Let’s wait till Feb data comes, at least.