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IIPJUL 12, 2023

Industrial Production Growth at 3.70%

IIP for May 2023

0.1σ
NIFTY 50-0.13%vs T-60 baseline
USD / INR-0.63%vs T-60 baseline
INDIA VIX-0.64%vs T-60 baseline
Gilt Fund (10Y proxy)-0.38%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 Print3.70%
Consensus4.27%

Macroeconomic Assessment

Industrial output matched consensus.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.28%-0.28%-0.13%
USD / INRUSDINR · 1d--0.15%-0.15%-0.63%
India VIXVIX · 1d--0.64%-0.64%-0.64%
Gilt Fund (10Y proxy)GSEC · 1d--0.25%-0.25%-0.38%