In September, India's Index of Industrial
Production (IIP) fell by 0.4% from a year earlier. Manufacturing, which
constitutes about 76% of industrial production, fell by 1.5% from a year
earlier. In the April-September period, industrial production expanded an
annual 0.1% and on the other hand, Rupee fell to a two-month low touching 55 to
the dollar.
Japan's economy outperformed in the first
half of this year on robust private consumption and spending for reconstruction
following last year's earthquake, but it’s economy shrank in the September
quarter for the first time since last year, adding to signs that slowing global
growth and tensions with China are nudging the world's third-largest economy
into recession.
Exports and production are likely to remain
weak, and domestic demand won't increase enough to make up for the weakness in
exports.
Read
lot more in Rubber4U – 15th November 2012 issue
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