May IIP shows surprising decline - ICICI Bank : Treasury Research

IIP growth posted a decline of -1.6% YoY as compared to a revised 1.9% YoY in the previous month.

Manufacturing shows a surprising decline in growth in May after remaining positive for a few months.

Consumer non-durables manages to hold its own but consumer durables declined sharply. This is the sixth consecutive month of decline for consumer durables.

Capital goods registered a decline of -2.7% YoY, which was the second consecutive month of a negative print.

Source : Equity Bulls

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