Indian Manufacturing Output (MoM) came on 09 Aug 2012 :-
Actual -3.20%
Previous 2.50%
Note :- Changes in the volume of the physical output of the nationl factories, mine and utilities are measured by the index of industrial production. The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.
Analysis :- Data came is negative @ -3.20% and lost its all positiveness in comparison to previous data which was @ 2.50% which is negative for the economy and market.
Actual -3.20%
Previous 2.50%
Note :- Changes in the volume of the physical output of the nationl factories, mine and utilities are measured by the index of industrial production. The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.
Analysis :- Data came is negative @ -3.20% and lost its all positiveness in comparison to previous data which was @ 2.50% which is negative for the economy and market.
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