Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

July 2011 IIP at 3.3%

12 Sept 2011Deepak Shenoy1 min read

Quick Facts

What is "July 2011 IIP at 3.3%" 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 September 2011.
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) data was released today and it’s down to 3.3% from last month’s 8.22%. Note that this is a very volatile indicator subject to large revisions, so I do not trust this very much. But since this is the only properly formatted data we have, it’s all we can use.

India IIP

Revisions: Note that April 2011 was updated from the first reported 5.77% **down to 5.32%. **This is nice in the sense that they didn’t revise it to –10% or something (it’s that unreliable).

From a use-based perspective, we can see a large drop in **Capital Goods **(-15.1%). This can’t be surprising – after many industry leaders have been booked on bribery charges, it’s only obvious that things in this government dominated industry will take a break.

**Basic goods **and Consumer durables did 10% and 8.6% respectively.

India IIP Use Based

(Click for larger picture)