After holding back the CPI inflation number for the last 3 months, the government has now decided to also hold back announcing the IIP number for the month of May. Reuters had estimated IIP for May 2020 to contract by around 34.71% on a YOY basis. The announcement of IIP was suspended due to inadequate data collection.

The government felt that it may not be appropriate to compare the IIP for May 2020 with those of preceding months due to the direct and indirect impact of COVID-19. The government had also held back inflation due to the same reason. The real metrics to watch will be the next two months when a recovery in growth is expected from industry.