Index of industrial production (IIP) for the month of January 2012 came in at 6.8% as compared to 1.8% seen in December 2011. Jan IIP was significantly higher than the Bloomberg consensus estimate of 2.1%.
From a sectoral perspective, manufacturing output grew by 8.5% YoY vs 1.8% growth in the previous month, mining output declined by 2.7% vs a decline of 3.7% in the previous month, and electricity output increased by 3.2% vs 9.1% in the previous month.
From a use-based perspective, capital goods declined by 1.5% yoy vs 16.5% decline in the previous month, consumer goods grew by 20.2% yoy vs 10% growth in the previous month, consumer durable goods declined by 6.8% yoy vs 5.3% growth in the previous month and consumer non durables grew by 42.1% vs 13.4% in the previous month.
April- January IIP has come in at 4% vs 8.3% in the previous year.
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From a sectoral perspective, manufacturing output grew by 8.5% YoY vs 1.8% growth in the previous month, mining output declined by 2.7% vs a decline of 3.7% in the previous month, and electricity output increased by 3.2% vs 9.1% in the previous month.
From a use-based perspective, capital goods declined by 1.5% yoy vs 16.5% decline in the previous month, consumer goods grew by 20.2% yoy vs 10% growth in the previous month, consumer durable goods declined by 6.8% yoy vs 5.3% growth in the previous month and consumer non durables grew by 42.1% vs 13.4% in the previous month.
April- January IIP has come in at 4% vs 8.3% in the previous year.
....more info