India IIP Report (November 2012)

IIP struck again with the Composite index dragged down 0.1% after a positive run that lasted two months including festive October. It could not be the year on year comparison playing out on Consumer Discretionary and other Manufacturing as well as festive season was in November last year. Capital Goods are finally back however scoring another near 8% growth at 7.7% and Manufacturing lost the positive 6.6% for October to 0 in November. and Consumer Durable dragged down from 10 to below 2% 

Mining output was a negative 5.5% and Electricity subdued at 2.4% A flat index was mostly positive for markets after Core industry growth shoed a contraction of more than 2% on the 1st of the month



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