Economic data Current Affairs, GK & News
The latest index of industrial production (IIP) estimates from the NSO show that output shrank by 4.3% in September. All three component sectors in the index – manufacturing, mining and electricity shows contractions. Also, five of the six categories on the IIP’s use-based classification of goods registered declines, with only intermediate goods bucking the trend. ..
There are two key parameters that the government and private sector analysts use to gauge the level of activity in the manufacturing sector. They are the Index of Industrial Production (IIP) and the Manufacturing Purchasing Managers’ Index (PMI). Difference between IIP and PMI PMI is a private sector survey while the IIP is gauged by ..