Brief explanation on IIP Numbers
OR What is IIP-Index Of Industrial Production?
Economic
data are very important tool that investors and traders alike remain in alert
to put down their strategies in the market. As you know the rate of interest,
the rate of inflation, then GDP growth rate are most sought after top figures
or statistics. Among these top 5 statistics figures the IIP or Index of
Industrial Production is another data point that investors and traders keep
close watch and economic forecasters rely while estimating various economic
consequences.
·
First of all
the IIP number is declared every month. Different countries have different
schedule for collection and releasing and comparing such data.
· This number is declared with a delay of 6 weeks i.e. today’s IIP is declared for 1 month in the past.
· The IIP number is in percentage i.e. it shows the % change in the Index of IP relative to its level in same month in previous year i.e. y-o-y change.
· This number is declared with a delay of 6 weeks i.e. today’s IIP is declared for 1 month in the past.
· The IIP number is in percentage i.e. it shows the % change in the Index of IP relative to its level in same month in previous year i.e. y-o-y change.
