IIP data surprises with negative numbers at -0.24 per cent

The IIP data has come out to be -2.4 per cent vs 2.10 per cent for the previous month. Various polls estimated a positive IIP data. The IIP for the previous month stands at 1.9 per cent.

The Industrial output data was as follows: -

Mining Sector output at -3.4 per cent vs 4.7 (MoM )
Electricity output 1.6 per cent vs 8.3 per cent (MoM)
Capital goods output -29.9 % vs -16.5 per cent (MoM)
Manufacturing -3.4 per cent vs 0.99 per cent (MoM)

The inflation data however has shown some sign of relief with price rise cooling off a little bit as below: -

August CPI inflation at 5.05 per cent vs 6.07 per cent (MoM)
Food Inflation 5.91 per cent vs 8.05 per cent (MoM)
Rural Inflation came out to be 5.87 per cent vs 6.66 per cent (MoM)
Urban Inflation has come in at 4.22 per cent vs 5.39 per cent (MoM)
Vegetable price inflation at 1.09 per cent vs 14.06 per cent (MoM)