The typical/expected market impact of this event is low.
The consensus forecast for Industrial Output is 4.2%. A higher value than forecast tends to be bullish for INR/xxx pairs and bearish for xxx/INR pairs.
Higher numbers than forecast tend to be bullish for INR/xxx pairs and bearish for xxx/INR pairs.
The most recent announced value for Industrial Output was 5.2% against a forecast of 4.7%.
Other recent announcements which may affect the market's interpretation of the next Industrial Output result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| HSBC Composite PMI | Bullish change | 57 | 58.3 | ||
| HSBC Manufacturing PMI | Bullish change | 53.9 | 55.9 | ||
| HSBC Services PMI | Bullish change | 57.5 | 57.9 |