Tuesday, 13 May 2014

Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of March, 2014 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of March 2014 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; 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 Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.

2. The General Index for the month of March 2014 stands at 193.2, which is 0.5% lower as compared to the level in the month of March 2013. The cumulative growth for the period April-March 2013-14 over the corresponding period of the previous year stands at (-) 0.1%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2014 stand at 145.8, 204.8 and 173.0 respectively, with the corresponding growth rates of (-) 0.4%, (-) 1.2% and 5.4% as compared to March 2013 (Statement I). The cumulative growth in the three sectors during April-March 2013-14 over the corresponding period of 2012-13 has been (-) 0.8%, (-) 0.8% and 6.1% respectively.

4. In terms of industries, twelve (12) out of the twenty two (22) industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown negative growth during the month of March 2014 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest negative growth of (-) 33.1%, followed by (-) 26.1% in ‘Office, accounting and computing machinery’ and (-) 21.5% in ‘Medical, precision & optical instruments, watches and clocks’. On the other hand, the industry group ‘Wearing apparel; dressing and dyeing of fur’ has shown the highest positive growth of 26.0%, followed by 9.2% in ‘Basic metals’ and 6.2% in ‘Food products and beverages’.

5. As per Use-based classification, the growth rates in March 2014 over March 2013 are 4.0% in Basic goods, (-) 12.5% in Capital goods and 0.6% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 11.8% and 7.2% respectively, with the overall growth in Consumer goods being (-) 0.9%.

6. Some of the important items showing high negative growth are: ‘Aluminium Conductor’ [(-) 61.4%], ‘Sacking’ [(-) 42.4%], ‘Woollen Carpets [(-) 40.0%], ‘Boilers’ [(-) 37.8%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’            [(-) 36.9%],  ‘Ship Building and Repairs’ [(-) 31.0%], ‘Computers’ [(-) 30.2%], ‘Earth Moving Machinery’ [(-) 27.6%], ‘Commercial Vehicles’ [(-) 24.0%] and ‘Generator/ Alternator’ [(-) 21.1%].
           
7. Some of the other important items showing high positive growth during the current month over the same month in previous year include ‘Leather Garments’ (146.4%), ‘Heat Exchangers’ (87.1%), ‘Sugar Machinery’ (79.2%), ‘Stainless/ alloy Steel’ (55.6%), ‘Lubricating Oil’ (45.5%), ‘Vitamins’ (29.8%),  ‘Scooter and Mopeds’ (28.7%) and ‘Plates’ (27.6%).

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

9. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of March 2014, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.


STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL
(Base : 2004-05=100)
Month
Mining
Manufacturing
Electricity
General
(141.57)
(755.27)
(103.16)
(1000.00)
2012-2013
2013-2014
2012-2013
2013-2014
2012-2013
2013-2014
2012-2013
2013-2014
Apr
124.8
120.5
173.0
176.1
152.7
159.1
164.1
166.5
May
130.0
122.3
179.0
173.3
162.3
172.4
170.3
166.0
Jun
122.1
116.5
178.1
175.0
157.0
157.0
168.0
164.9
Jul
119.7
116.1
177.4
182.7
156.3
164.5
167.1
171.4
Aug
114.6
113.6
175.8
175.4
152.2
163.1
164.7
165.4
Sept
111.2
115.2
174.6
177.1
149.7
169.0
163.1
167.5
Oct
122.4
118.8
182.4
180.1
160.5
162.6
171.6
169.6
Nov
121.7
123.7
176.4
171.8
149.1
158.5
165.8
163.6
Dec
132.5
135.9
191.1
189.0
157.6
169.4
179.3
179.5
Jan
135.5
138.1
193.6
193.6
160.7
171.1
182.0
183.4
Feb
124.6
127.1
190.8
183.9
140.5
156.7
176.2
173.1
Mar*
146.4
145.8
207.3
204.8
164.2
173.0
194.2
193.2
Average













Apr-Mar
125.5
124.5
183.3
181.9
155.2
164.7
172.2
172.0






Growth over the corresponding period of previous year 










Mar
-2.1
-0.4
4.3
-1.2
3.5
5.4
3.5
-0.5






Apr-Mar
-2.3
-0.8
1.3
-0.8
4.0
6.1
1.1
-0.1









* Indices for March 2014 are Quick Estimates.
NOTE : Indices for the months of Dec'13 and Feb'14 incorporate updated production data.

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)
(Base: 2004-05=100)
Industry
Description
Weight
          Index     
    Cumulative Index
  Percentage growth
code


Mar'13
Mar'14
Apr-Mar
Mar'14
Apr-Mar





2012-13
2013-14

2013-14
15
Food products and beverages
72.76
216.7
230.2
169.5
167.3
6.2
-1.3
16
Tobacco products
15.7
128.6
123.7
109.2
111
-3.8
1.6
17
Textiles
61.64
145.4
145.6
142
147.9
0.1
4.2
18
Wearing apparel; dressing and dyeing of fur
27.82
178.3
224.6
143.6
176
26
22.6
19
Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products
5.82
139.9
142.4
127.1
133.4
1.8
5
20
Wood and products of wood & cork except furniture; articles of straw & plating materials
10.51
159.4
146.1
147.9
144.8
-8.3
-2.1
21
Paper and paper products
9.99
148.9
143.9
138.7
138.8
-3.4
0.1
22
Publishing, printing & reproduction of recorded media
10.78
186.4
178.9
183
183.5
-4
0.3
23
Coke, refined petroleum products & nuclear fuel
67.15
153.2
156.3
136.4
143.5
2
5.2
24
Chemicals and chemical products
100.59
130.9
134
127.3
138.6
2.4
8.9
25
Rubber and plastics products
20.25
195.1
204.1
185
180.8
4.6
-2.3
26
Other non-metallic mineral products
43.14
186.2
185.8
161.6
163.2
-0.2
1
27
Basic metals
113.35
204.2
223
195.8
196.3
9.2
0.3
28
Fabricated metal products, except machinery & equipment
30.85
267.2
235.3
193.8
179.8
-11.9
-7.2
29
Machinery and equipment n.e.c.
37.63
312.3
314
230
218.9
0.5
-4.8
30
Office, accounting & computing machinery
3.05
191.9
141.9
128.1
107.9
-26.1
-15.8
31
Electrical machinery & apparatus n.e.c.
19.8
506.3
473.6
369.2
422.2
-6.5
14.4
32
Radio, TV and communication equipment & apparatus
9.89
876.9
586.5
1003.7
730.1
-33.1
-27.3
33
Medical, precision & optical instruments, watches and clocks
5.67
175.6
137.9
117.1
111.3
-21.5
-5
34
Motor vehicles, trailers & semi-trailers
40.64
275.4
236.2
244.8
221.3
-14.2
-9.6
35
Other transport equipment
18.25
255.3
262.5
235.7
248.8
2.8
5.6
36
Furniture; manufacturing n.e.c.
29.97
139.6
125.3
131.5
113.3
-10.2
-13.8






10
Mining & Quarrying
141.57
146.4
145.8
125.5
124.5
-0.4
-0.8
15-36
Manufacturing
755.27
207.3
204.8
183.3
181.9
-1.2
-0.8
40
Electricity
103.16
164.2
173
155.2
164.7
5.4
6.1







General Index
1000
194.2
193.2
172.2
172
-0.5
-0.1
*Industry codes are as per National Industrial Classification 2004


STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED
(Base : 2004-05=100)

Basic goods
Capital goods
Intermediate goods
Consumer goods
Consumer durables
Consumer non-durables
Month
-456.82
-88.25
-156.86
-298.08
-84.6
-213.47

2012-2013
2013-2014
2012-2013
2013-2014
2012-2013
2013-2014
2012-2013
2013-2014
2012-2013
2013-2014
2012-2013
2013-2014
Apr
148
150
207.9
207
141.8
145
187.5
190.6
306.2
276.8
140.5
156.4
May
155.9
156
227.3
219
148.6
150
187.1
174.7
310.1
253.5
138.3
143.5
Jun
151.2
148
235
220
145.4
147
185.8
183.1
307.2
276.1
137.7
146.2
Jul
150.6
152
234
271
146.3
151
183.3
182.1
307
277.6
134.3
144.2
Aug
149
150
250
245
146.4
152
173.3
171.7
280.7
257.4
130.7
137.8
Sept
144
154
248.7
232
142.1
148
177.8
179.6
303.9
271.6
127.8
143.1
Oct
153.7
153
241.1
247
146.7
151
191.7
182.1
336.2
295.8
134.5
137
Nov
149.6
154
235.4
236
139.4
145
184.2
167.8
301.1
235.8
137.8
140.8
Dec
160.1
165
260.7
254
149.4
157
200.6
191.3
273.9
229.1
171.5
176.3
Jan
162.7
167
250.5
240
151.7
157
207.2
206.2
285.4
261.6
176.2
184.3
Feb
150.2
156
285.5
236
144.3
150
200.7
192.4
289.7
262.7
165.4
164.5
Mar*
168.6
175
343.2
300
158.3
159
208.4
206.5
311.2
274.4
167.6
179.6
Average














Apr-Mar
153.6
157
251.6
242
146.7
151
190.6
185.7
301.1
264.4
146.9
154.5













Growth over the corresponding period of previous year










Mar
3.2
4
9.6
-13
2.1
0.6
1.8
-0.9
-4.9
-11.8
7.3
7.2







Apr-Mar
2.4
2
-6
-4
1.6
3
2.4
-2.6
2
-12.2
2.8
5.2













* Indices for March 2014 are Quick Estimates.
NOTE : Indices for the months of Dec'13 and Feb'14 incorporate updated production data.

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