January industrial output rises 3.7% vs 1.6% in December

The Index for Industrial Production (IIP) is at 3.7% for January, much higher than street estimates.

Sector-wise growth in January

• Manufacturing sector growth at 3.3% vs 17.9% (YoY)
• Mining sector growth at 1.6% vs 15.3% (YoY)
• Capital goods growth at (-)18.6% vs 57.9% (YoY)
• Electricity sector growth at 10.5% vs 5.6% (YoY)
• Basic goods growth at 7.6% vs 11.5% (YoY)
• Intermediate goods growth at 7.9% vs 22.2% (YoY)
• Consumer goods growth at 11.3% vs 0.4% (YoY)
• Consumer durable goods growth at 23.3% vs 28.2% (YoY)
• Consumer non-durable goods growth at 6.9% vs (-)7% (YoY)