Tuesday, 14 January 2014

Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of November, 2013 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 forthe month of November 2013 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled usingdata received from 16 source agencies viz. Department of Industrial Policy &Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint PlantCommittee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of JuteCommissioner; Office of Coal Controller; Railway Board; Office of SaltCommissioner and Coffee Board.

2. The General Index for the month of November 2013 stands at 162.4, which is 2.1% lower as compared to the level in the month of November 2012. The cumulativegrowth for the period April-November 2013-14 over the corresponding period of theprevious year stands at (-) 0.2%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricitysectors for the month of November 2013 stand at 122.9, 170.3 and 158.5 respectively, with the corresponding growth rates of 1.0%, (-) 3.5% and 6.3% as compared to November 2012 (Statement I). The cumulative growth in the three sectors during April-November 2013-14 over the corresponding period of 2012-13 has been (-) 2.2%, (-) 0.6% and 5.4% respectively.

4. In terms of industries, ten (10) out of the twenty two (22) industry groups (as per2-digit NIC-2004) in the manufacturing sector have shown negative growth during themonth of November 2013 as compared to the corresponding month of the previous year(Statement II). The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest negative growth of (-) 42.2%, followed by (-) 27.5% in ‘Officeaccounting & computing machinery’ and (-) 19.5% in ‘Furniture; manufacturing n.e.c.’. On the other hand, the industry group ‘Chemicals and chemical products’ has shown a positive growth of 18.6% followed by 16.1% in ‘Electrical machinery & apparatus n.e.c.’ and 14.5% in ‘Wearing apparel; dressing and dyeing of fur’.

5. As per Use-based classification, the growth rates in November 2013 overNovember 2012 are 0.7% in Basic goods, 0.3% in Capital goods and 3.3% inIntermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 21.5% and 2.5% respectively, with the overallgrowth in Consumer goods being (-) 8.7%.

6. Some of the important items showing high negative growth during the currentmonth over the same month in previous year include ‘HR Sheets’ [(-) 63.2%], ‘Molasses’ [(-) 61.4%], ‘Sugar (including sugar cubes)’ [(-) 56.3%], ‘Boilers’          [(-) 47.0%], ‘Aluminium Conductor’ [(-) 45.4%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 44.6%], ‘Earth Moving Machinery’ [(-) 44.1%], ‘Gems and Jewellery’ [(-) 40.4%],  ‘Computers’ [(-) 35.3%], ‘Sugar Machinery’     [(-) 31.6%] and ‘Polyester Chips’ [(-) 28.0%].
                                                          
7. Some of the other important items showing high positive growth are: ‘Vitamins’ (302.3%), ‘Ship building & repairs’ (134.8%), ‘Wood Furniture’ (63.3%), ‘Cable,Rubber Insulated’ (61.2%), ‘Antibiotics & its preparations’ (58.1%), ‘AyurvedicMedicaments’ (52.1%), ‘Air Conditioners (Room)’ (31.5%), ‘Plastic Machinery (incl.Moulding Machinery)’ (28.4%) and ‘Tractors’ (26.8%).

8. Along with the Quick Estimates of IIP for the month of November 2013, theindices for October 2013 have undergone the first revision and those for August 2013 have undergone the final revision in the light of the updated data received from thesource agencies. It may be noted that these revised indices (first revision) in respect of October 2013 shall undergo final (second) revision along with the release of IIP for the month of January 2014.

9. Statements giving Quick Estimates of the Index of Industrial Production atSectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of November 2013, along with the growth rates over thecorresponding month of previous yearincluding the cumulative indices and growth rates, are enclosed.

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