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IIPSEP 12, 2022

Industrial Production Growth at -0.80%

IIP for Jul 2022

12.2σ
NIFTY 50+1.33%vs T-60 baseline
USD / INR-0.44%vs T-60 baseline
INDIA VIX-1.41%vs T-60 baseline
Gilt Fund (10Y proxy)+6.23%vs T-60 baseline
Cross-Asset Reaction Window

The 10-year sovereign is shown as a gilt-fund proxy, whose value moves inversely to yields. Older events use daily closes, so the intraday windows then coincide with the daily close.

Surprise Analysis
Surprise Deviationvs consensus, σ-scaled
0.0σ

Actual Print-0.80%
Consensus11.43%

Macroeconomic Assessment

Major IIP surprise of -12.2σ — contraction in activity.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.58%+0.58%+1.33%
USD / INRUSDINR · 1d--0.06%-0.06%-0.44%
India VIXVIX · 1d-+1.24%+1.24%-1.41%
Gilt Fund (10Y proxy)GSEC · 1d-+0.91%+0.91%+6.23%