Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

September 2011 IIP at 1.81%

11 Nov 2011Deepak Shenoy1 min read

Quick Facts

What is "September 2011 IIP at 1.81%" about?
What category is this article in?: Economy
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 11 November 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 has showed a miserably low growth of 1.81% since last year. But I don’t trust this data so we can’t read too much into the headline numbers. In fact, much of the last month’s data has been revised to levels that make any analysis worthless.

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and the Use Based Indexes:

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Nearly all areas are declining, with mining down nearly 6%. The Consumer durables and non-durables areas are still very icky, though the key thing here is October with it’s Diwali effect.

A weak report, no doubt, even though I’d take the data with a pinch of salt.