India: Industrial Production Surges

June 13th, 2014
in econ_news, syndication

breaking-news-130px7Econintersect:  Industrial Production (IP) for India rose at rate of 3.4% in April.  The primary drivers were electricity generation and manufacturing.  The reaction to the announcement was tempered by the declines for the two previous months, -0.5% in March and -1.7% in February.  What was encouraging was the very favorable comparisons to past April reports.  IP grew by 1.8% in April 2013 and fell by 1.8% the same month in 2012.

Follow up:

The lack of enthusiasm for what appears to be a strong number can be understood by looking at the graphic below.  IP has been extremely volatile and has produced an average over the last year only slightly above zero (almost no year-to-year growth).

india-ip-2014-april

This amount of volatility is not unusual for India, as the ten-year graph below shows.

india-ip-10-years-2014-april

Source:

Industry grows at fastest rate in 13 months (Business Standard, 13 June 2014)









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved