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MoneyWorks4Me

Just in: Feb IIP surprises street; grows at 5%

10 Apr 2015 Evaluate

In a positive surprise, the index for industrial output (IIP) for the month of February came in at 5%, way higher than street expectation of  a number of around 3.50% and also higher compared to 2.6% in January mainly on account of splendid growth of manufacturing sector.