- SOURCE: EquityPandit.com | Written by
Abhishek Parakh on at 3:00 pm
Industrial output rose by a robust 16.8% in December as against a rise of 11.7 % in November. IIP December numbers were way above estimates as the industry grew by 8.6% in the first nine months of this fiscal. Most of the analysts expect IIP around 12.3%. Industrial production surged by a stunning 16.8 per cent in December 2009, against the contraction of 0.2 per cent in the same month a year ago, driven by a robust performance by the manufacturing sector, particularly consumer durables.
December 2009 manufacturing growth was at 18.5%. The robust ...