In a strange twist, the Index of Industrial Production – data I don’t usually take seriously – shows a massive 5.1% drop from October last year. Much of this is because the IIP spiked in October 2010 (showing a 11% growth over the previous year) which moderated in November. But take a look – this [...]

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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. (Click for larger image) and [...]

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The Index of Industrial Production (IIP) data for August 2011 was 4.04% higher than last year. Note: This is not very reliable data, so take it with appropriate pinches of salt. (Click for a larger image) Mining – now that’s in bad shape. IIP in general is seeing a downtrend, in whatever you can believe. [...]

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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. [...]

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The Index of Industrial Production (IIP) data for Jun is at 8.22%, with Mining slowing down and Manufacturing picking up the slack at 10%.   (Click for larger pic) On a use based level, there has been a ridiculous 37% growth in Capital goods, but Consumer durables and non-durables dipped. (Click for larger picture) While [...]

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The Index of Industrial Production, something I absolutely detest for the massive revisions and complete WTF in comparison with other economic indicators. But this is the obligatory post on the graphs if only to show you how wild this "index" is. May 2011 elements came in at 5.6% for the overall index (growth over last [...]

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Big IIP move today, coming in at 7.33%. Again, highly unreliable data so it’s not something you should take action on. The past revisions have also been minor (just 0.2 to 0.3 on the index levels) which is not newsworthy.   Mining came in at 0….

Posted in Credit Repair, IIP Comments Off

Big IIP move today, coming in at 7.33%. Again, highly unreliable data so it’s not something you should take action on. The past revisions have also been minor (just 0.2 to 0.3 on the index levels) which is not newsworthy.   Mining came in at 0….

Posted in Credit Repair, IIP Comments Off

India’s new IIP data was released recently and here you are with the charts: As you can see, the problem is mining: the growth is just 0.59%. There is a sustained downtrend for two months now, so we might be able to assume the beginning of a …

Posted in Credit Repair, IIP Comments Off

The Index of Industrial Production showed a 1.55% growth over last year. As usual, there were crazy revisions. November data which disappointed everyone with 2.7%, is now revised up to 3.62%. September is up to 4.9% from 4.4%. So this could just be a…

Posted in Credit Repair, IIP Comments Off