November News
Are IIP numbers exaggerating the slowdown?
Robust PMI and corporate loan growth in November suggest all is not bad. After the poor industrial production print in October, the 5.9 per cent growth in the November factory output is clearly good news. Given that several holidays were bunched in October resulting in fewer production days, the slowdown in factory output came in much worse than expected. For the first time since June 2009, industrial
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