InvestorQ : How should investors look at IIP contracting by -16% in April?
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How should investors look at IIP contracting by -16% in April?

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8 months ago
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With virtual lockdown in April, a sharp fall in IIP was always expected. The lead indicators had already come from the weak core sector numbers. IIP for March 2020 contracted by a record (-16.7%) as economic activity came to a virtual standstill with government imposing nationwide lockdown. Earlier, IIP had grown by 4.5% in February. Within the overall IIP composition, manufacturing sector output contracted by (-20.6%). Even electricity generation shrank by (-6.8%) in March. The only redeeming feature was the mining sector output remaining flat .

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