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Home INTERNATIONAL No IIP numbers for May possibly as govt suspends launch of industrial...

No IIP numbers for May possibly as govt suspends launch of industrial output info

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Central govt on Friday said it was suspending the launch of headline industrial output quantities for May well, section of a extra-than two-thirty day period lockdown imposed to battle the coronavirus pandemic, due to insufficient info assortment.&#13
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Most industrial firms were not running from March onwards, a assertion launched by the Ministry of Data explained. The government earlier suspended the release of industrial production numbers for April as perfectly as retail inflation knowledge for April and May perhaps.&#13
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Industrial output contracted 34.71 in May possibly according to Reuters calculations primarily based on readily available knowledge. Analysts’ in a Reuters poll experienced forecast a 37.8% drop.&#13
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The governing administration stated “it may possibly not be appropriate to review the IIP for May perhaps 2020 with these of months preceding the Covid-19 pandemic.&#13

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