Core sector growth tepid but IIP expected to rise
pre-market1 source ↓written by the desknot a recommendation
- last year
- 5.8%
- rise
- 3.5-4.5%
Core sector growth remained tepid at 1.8% YoY, down from 5.8% last year. However, a sequential improvement is anticipated, particularly in cement production, which could lead to a 3.5-4.5% rise in the Index of Industrial Production (IIP) for November. This reflects a shift in the festive calendar and base effects.
Not investment advice. For informational purposes only.