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June IIP sees stupendous recovery; at 7.8% v/s 5.2% YoY
This article was posted on Aug 12, 2009 and is filed under Press Releases
The June Index of Industrial Production (IIP) came in at 7.8% as against 5.4% in year on year and 2.7% last month. Meanwhile the May IIP number has been revised downward from 2.7% to 2.2%.
IIP internals snapshot:
Manufacturing growth at 7.3% versus 6.1% (YoY)
Mining growth at 15.4% versus 0.1% (YoY)
Capital Goods growth at 11.8% versus 7.8% (YoY)
Electricity growth at 8% versus 2.6% (YoY)
Consumer Durable goods growth at 15.5% versus 4.6% (YoY)
Consumer Non-durable goods growth At 0.3% versus 11.6%
Atsi Seth of Reliance Equity said that the IIP numbers were way ahead of expectation and this recovery was led mainly by the growth consumer durables.
SOURCE: Moneycontrol
Tags: iip numbers india, india iip numbers, june iip
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