Consumer Durables Growth

  • December IIP no at 2pc, rate cuts ahead February 13, 2009

    The December index of industrial production (IIP) number has come in at -2 per cent versus 8 per cent year-on-year (YoY). A significant fall in manufacturing output (-2.5 per cent versus 8.6 per cent YoY) and consumer durables growth (-12.8 per cent versus 2.8 per cent) may have led to the...