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IIP At a High 5% in Feb 2015, But Mostly Due To Base Effect

The Index of Industrial Production (IIP) for Feb 2015 came in at 5%, which was a biggest we’ve seen in years. However, note that much of this is due to ...

IIP for Jan 2015 at +2.6%, Big Up Revision in December Data

We have forgotten to do our regular IIP post, so here goes. IIP for Jan 2015 dropped to a 2.6% but only after a pretty hefty upgrade in the December data, ...

IIP for Dec at an Abysmal +1.7% Gives Us Four Years of Nothingness

India’s Index of Industrial Production (IIP) for December 2014 came in at +1.7%, which continues the abysmal numbers in the recent past. At 182, the IIP ...

IIP Rises 3.8% in November, But Largely due to Diwali Effect

The Index of Industrial Production (IIP) went up 3.8% but the rise was mostly due to the Diwali effect. Diwali causes IIP to drop, as we have noticed in the ...

IIP and Core Industries Diverged, but Will IIP Data Go Up Big Today?

There’s been a strange move in the Index of Industrial Production versus the “Eight Core Industries” in the previous month. The 8 core ...

Dissecting the -4.2% IIP Drop in October: Big One Time and Diwali Impact, But it's Still Bad

Diving deeply into the Index of Industrial Production (IIP) in October 2014, and the large drop gives us a few insights. The biggest negative contributor to ...

IIP Hits 2.5% in Sep 2014, Manufacturing Stages a Comeback

The Index of Industrial Production (IIP) for September 2014 is at a three month high of 2.5%. I know, even 2.5% sounds low, but it is indeed better than ...

August 2014 IIP at a Disappointing +0.4%, Manufacturing Contracts

The Index of Industrial Production (IIP) for August 2014 came in at a surprisingly low 0.4% after showing promise in the three months. IIP The disappointment ...

BitCoin Falls to $330, 70% from Peak

Ooh, this is rough. Bitcoin, in terms of USD, has fallen close to a 1 year low. (HT Stefan Cheplick’s post) One "reason" for this fall seems to ...

Finally, the Food Corporation is Dumping Excess Stock; Unrequired Buffer Lowest in 2 years

Food prices have been under control and it’s possible a part of that is attributable to the FCI selling off stocks from its buffers. While we still ...