Page 9 - Iip

New IIP, WPI series introduced, show overall benign macronumbers

April CPI inflation also declines to record low of 2.99%; manufacturing woes persist

Post demonetisation, new series puts IIP growth on even higher footing

Ishan BakshiIndustrial output grew at a faster pace in the months after demonetization, according to the new index of industrial production (IIP) series released by the Central Statistics Organisation (CSO) today.While the new IIP series isn't strictly comparable with the previous one, under the new series, industrial activity expanded by 2.6 per cent in December - the first full month since the note ban decision was announced on November 8th. By comparison, the industrial output had contracted by 0.1 per cent contraction under the old series. IIP subsequently rose to 3.8 per cent in January under the new series, higher than 3.3 per cent recorded under the earlier series. While growth slipped to 1.9 per cent in February under the new series, it was still higher than 1.2 per cent contraction observed under the old series. The higher growth during this period appears to have been driven by the mining sector which grew at 10.8 per cent in December as opposed to 5.5 per cent in the ...

Govt to unveil new IIP, WPI series on Friday

Monthly WPI for April under new series will be released on May 12 instead of May 15

India to launch new IIP series with 2011-12 base year on May 9

Currently, the IIP is calculated on base year of 2004-05

IIP contracts 1.2% in Feb on weakness in consumer and capital goods

Fall in consumer and capital goods production is the reason; Jan IIP revised to 3.3%

Note ban effect eases as industrial output rises 2.7% in Jan

IIP had contracted 0.1% in December; April-Jan IIP at 0.6% vs 2.7% y-o-y

IIP bounces back in Jan, expands by 2.7%

The IIP output was a revised -0.1% in December

IIP expected to see muted growth in January, say economists

Industrial output had fallen 0.4 per cent in December from a year earlier

IIP contraction a fallout of demonetisation: FM Arun Jaitley

Industrial production contracted to four-month low of 0.4 per cent in December

Industrial production contracts 0.4% in December

IIP had risen by 5.7% in November; April-Dec IIP at 0.3% vs 3.2% YoY

State specific IIP needed for comprehensive view of production: Economists

Centre has asked states to bring out monthly state IIP figures on 2011-12 base year

Demonetisation fails to pull down industrial growth, IIP at 13-month high

The sharp rise was due to low industrial numbers in November 2015

No demonetisation effect seen in November as IIP rises to 5.7%

Growth was driven up by a surge in capital goods production

Industrial production expected to see mild upturn in October

Sluggish manufacturing growth, subdued industrial demand pulls down growth prospects during

Industrial output rises 0.7% in September

However, capital goods decline for 11th straight month; growth in consumer non-durables almost stagnant

IIP contracts for the second straight month

However, good monsoon, early onset of festive season raise hope of revival in demand for consumer durables, as farm incomes rise

L&T, BHEL offer glimmer of rebound

Analysts optimistic on improvement; June quarter performance of capital goods firms was encouraging

IIP to formulate product packaging standard for domestic market

IIP has been a certifying body for packaging of export markets, it doesn't still have any say in packaging standards for domestic markets

Where is the recovery?

Declining inflation softens an unexpectedly sharp fall in the IIP

Signs of a revival in investments?

While the capital goods segment in the Index of Industrial Production (IIP) contracted 18 per cent in the first quarter of the current financial year, new data from the Department of Industrial Policy and Promotion (DIPP) suggest that the investment climate in the country may be on the cusp of improving.According to DIPP data, complied by CARE, there has been 18.7 per cent increase in investment proposals in the first half of 2016 (January to June) over the previous year. In value terms though, the increase is a marginal 1.3 per cent. Taken together, the employment generation prospects of these proposals represent a 37 per cent increase over the corresponding period in the last year. The proposals include those filed under IEM (Industrial Entrepreneur Memorandum), LOI (Letter of intent) and DIL (Direct Industrial Licensing).Electronic equipment and textiles together account for nearly half of these investments, up from roughly a fourth last year. This could be construed to mean that t