The decisive numbers

November industrial production numbers would be significant, as those would determine whether the 8.2% IIP growth in October could be called green shoots of recovery for the economy. The index of eight core industries, contributing 38% to IIP, grew a dismal 1.8% in November. Most economists BS spoke to forecast a less than 3% IIP growth in November, citing last year’s high base. Some even suggested a contraction. The November data are slated to come on Friday (Click on graphic)