Consumer goods growth robust : CSEC Research

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Consumer goods growth robust

For the month of January, growth in industrial output (IIP-index of industrial production) bounced back to 6.8%YoY, as against 2.5%YoY for December 2011.  Industrial growth was the highest in the recent seven months; much of it is attributed to a 42.1%YoY growth in consumer goods growth that was up 20.2%YoY. High volatility continued in capital goods; consumer goods growth was also explosive leading to a positive surprise in the markets that were expecting a growth of 2-2.2% YoY.

The index reading was reported at 187.9 (provisional) as against 175.9 for January 2011 and 180 for December 2011.  The cumulative growth for the period April-January 2011-12 stands at 4.0% over the corresponding period of the previous year. The three-month average IIP growth bounced back to 5.1%.

Regards,

CSEC Research