Economy Survey

• Baltic Dry Index is trading 3.890% down at 1186 from previous day’s close.
• SGX Nifty Future is 26.50 points down trading at 5603.50.
• Crude is trading at $85.13/bbl trading 51 cents up from previous day’s close.
• December inflation stood at 8.43% Vs 7.48% (Mo, M). The annual reading for October was revised up to 9.12% from 8.58%. November Primary Articles inflation stood at 13% Vs 16.68% (MoM); WPI Primary Articles Index stood up 0.8% (MoM). Manufactured Products inflation stood at 4.46% Vs 4.56% (MoM).
• Q2 GDP at 8.9% Vs 8.8% (QoQ); Farm sector growth stood at 4.4% Vs 2.8% (QoQ); Manufacturing growth declined 9.8% from growth of 12.4% in last quarter; Mining sector growth declined 8% vs. 8.9% growth in last quarter; Construction sector growth at 8.8% Vs 7.5% (QoQ); Services growth at 9.8% Vs 9.7% (QoQ); Industry growth at 9% Vs 10.3% (QoQ).
• Industrial growth plunged to 2.7% in November 2010 as against 11.3% (YoY). Manufacturing growth declined to 2.3% against 12.3 % (YoY), 11.3% in October. Mining growth also fell to 6.0% against 10.7% (YoY), 8% (MoM). Capital Goods Growth at 12.6% Vs 11% (YoY). Electricity Growth at 4.6% Vs 1.8% (YoY).