Entries Categorized as 'IIP'

IIP up 7.3% for March 2011

Date May 12, 2011

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….

IIP is up 3.56% in Feb

Date April 12, 2011

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 …

IIP Growth at 1.55% for Dec 2010

Date February 11, 2011

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…

November 2010 IIP comes in at 2.7% Growth

Date January 12, 2011

I don’t trust the (first estimate of) Index of Industrial Production that is released monthly by MOSPI, because it is subject to so many revisions that everything gets invalidated later. Today, they’ve released the index for November and it is at 3…

August 2010 IIP comes in at 5.6%

Date October 12, 2010

The Index of Industrial Production (IIP) has grown 5.6% to 309.1 from the 292.8 figure last year. It is useful to remember that IIP is revised in what can only be described as an obscene manner. Consider: The July 2010 figure was revised up fr…

June 2010 IIP at 7.13%

Date August 14, 2010

MOSPI released the Index of Industrial Production (Quick Estimate) for June 2010. The headline general number came in at 7.13% increase over last year. This is the lowest figure since May 2009 and the first sub 10% growth number since Oct 2009. Th…

IIP Numbers: Slowdown or “We Don’t Know Yet”?

Date July 15, 2010

(This is an article I’ve written for a new online site – link later, not something I own) As we get increasingly connected, it’s easy for information to flow quickly through the ether to the entire world. In a game of Chinese whispers, what is fir…

November IIP grows 11.7%

Date January 13, 2010

The Index of Industrial Production (IIP) grew 11.7% in November compared to last year. The unadjusted graph: (Click for a larger image) The data has cyclical movements and therefore should be seasonally adjusted (then we can compare month-on-mon…