Ten important numbers in IIP for May

Industrial production rose 2.4% in May, higher than 1.8% forecast in Reuters poll

Manufacturing sector as a whole grows faster than expected at 2.5%

April IIP revised down to negative 0.9% from 0.1% estimated earlier

Capital goods segment continues its torrid run with a contraction of 7.7%

Ten out of 34 manufacturing sub groups contracted in May

Growth in Intermediate goods at 2.7%, showing possible marginal pick up going forward
Basic goods continue to do well growing at 4.1%

Growth in Consumer durables the fastest among all segments at 9.3%, suggesting slight pick up in demand

Electricity production rose 5.9% in May against 10.3% last year

Mining contracted 0.9% in May despite government’s efforts to revive the coal sector