Index of Industrial Production (IIP) data for the month of October 2018 published. Index raised to 8.10 per cent in October 2018 compared to 4.80 per cent in September 2018. This is the fastest growth in the past 11 months.
Sector-wise production data is shown below:
|Sector||Current Year (FY 2018-19)||Last Year (FY 2017-18)|
|Oct 2018||Sep 2018||YTD||Oct 2017||YTD|
The average growth for the period April to September 2018 is 5.10 per cent and in October 2018 it increased to 8.10 percent which is above the year-to-date average.
The average growth for the current year (April to October 2018) is 5.60 per cent against 2.50 per cent during the same period last year (April to October 2017).
In the manufacturing sector, 21 out of 23 industry groups has shown positive growth during the month of October 2018.
Use of IIP data for the investors: Investors can assess the impact of economy on overall portfolio.