Monthly Report – December 2016

Metals and Mining
Mining output rose 3.9% for Nov'16 despite demonetization
– full effect to be evident over Q1CY2017
Mining posted a strong growth of 3.9%
backed by improving coal production
YoY%
Basic metals production growth
decelerated to 4.8% YoY for Nov'16
YoY%
10
0
-10
5.0%
5.3%
1.5%
0.7%
1.7%
0.3%
0.8%
3.9%
-0.7%
-3.2%
Jan’16 Mar’16 May’16 Jul’16
-5.9%
Sep’16 Nov’16
20
0
-20
13.7%
11.1% 7.6%
4.4% 4.2% 4.8%
0.1%
1.0%
-0.3% -0.8%
-4.0%
Jan’16 Mar’16 May’16 Jul’16 Sep’16 Nov’16
Fabricated metal products grew at a
strong 5.2% despite de-monetisation
YoY%
Non-metallic mineral products de-grew
by 0.7% for Nov'16
YoY%
20
0
-20
13.5%
8.6%
5.7%
6.3%
5.2%
0.3%
1.2%
-3.1% -1.9%
-6.4%
-10.8%
Jan’16 Mar’16 May’16 Jul’16 Sep’16 Nov’16
20
0
-20
6.3% 11.1% 9.3%
3.4%
5.5%
1.0%
2.2% 2.7% 3.2%
-0.7%
-0.7%
Jan’16 Mar’16 May’16 Jul’16 Sep’16 Nov’16
Source: Nikkei India Manufacturing PMI
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