Fwd: April IIP surprises on the downside

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Rajesh Desai

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Jun 12, 2013, 4:55:05 AM6/12/13
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  • IIP growth posted a growth of 2.0% YoY in April-2013 as against consensus estimate of 2.5% YoY and a growth of 3.4% YoY in March (revised upwards from 2.5% YoY)

  • Manufacturing and electricity registered positive growth while mining remained in negative territory

  • Consumer non-durables exhibited a very strong performance and this bodes well for the recovery in consumption demand

  • Capital goods registered a positive performance though a sustained pickup in this segment is dependent on continued policy reforms and Central Bank support




    Please refer to the attached document for details.



    Regards,
    ICICI Bank : Treasury Research

    Contact:
    Kanika Pasricha:
    (+91-22) 2653-1414 (extn: 2260)

 



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CA. Rajesh Desai
INF1262013.pdf
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