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Just In: September IIP grows by 0.7%; misses street’s estimate

11 Nov 2016 Evaluate

In a nasty surprise, the index for industrial output (IIP) for the month of September came in at 0.7% as compared to -0.7% in August. However, it remained lower than street expectation of around 1%.

The cumulative growth for the period April-September 2016 over the corresponding period of the previous year stands at -0.1 percent.