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Monday, 10 October 2011 05:30 |
- The Important Industrial Production data - IIP data is to be released on the 12th of September for the month of August. The market is expecting an IIP data close to 5 - 5.5% Y-o-Y compared to 3.3% in the month of July.
- The IIP figure is closely watched for as the RBI is scheduled to have the half yearly review on the 25th October.
- The core sector data was not very encouraging for the month of August and thus the IIP data is also expected to be weak. The core sector production slumped to 3.5% compared to 7.8% in July 2011 and 4.4% in the month of August 2010.
- The index of the core sector industries have a combined weight-age of 37.90% in the IIP
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