The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of December 2013 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 December 2013 stands at 178.3, which is 0.6% lower as compared to the level in the month of December 2012.
The cumulative growth for the period April-December 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 December 2013 stand at 133.0, 188.0 and 169.4 respectively, with the corresponding growth rates of 0.4%, (-) 1.6% and 7.5% as compared to December 2012 (Statement I). The cumulative growth in the three sectors during April-December 2013-14 over the corresponding period of 2012-13 has been (-) 1.8%, (-) 0.6% and 5.6% respectively.
4. In terms of industries, eight (8) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sec tor have shown negative growth during the month of December 2013 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 (-) 35.7%, followed by (-) 26.1% in ‘Furniture; manufacturing n.e.c.’ and (-) 22.1% in ‘Office, accounting & computing machinery’.
On the other hand, the industry group ‘Wearing apparel; dressing and dyeing of fur’ has shown a positive growth of 19.7% followed by 13.5% in ‘Chemicals and chemical products’ and 12.9% in ‘Electrical machinery & apparatus n.e.c.’.
5. As per Use-based classification, the growth rates in December 2013 over December 2012 are 2.4% in Basic goods, (-) 3.0% in Capital goods and 4.5% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 16.2% and 1.6% respectively, with the overall growth in Consumer goods being (-) 5.3%.
6. Some of the important items showing high negative growth during the current month over the same month in previous year include ‘Polythene Bags incl. Hdpe & Ldpe Bags’ [(-) 58.4%], Aluminium Conductor’ [(-) 55.9%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 39.0%], ‘Boilers’ [(-) 38.9%], ‘Earth Moving Machinery’ [(-) 38.2%], ‘Gems and Jewellery’ [(-) 33.3%], ‘Polyester Chips’ [(-) 31.9%], ‘Molasses’ [(-) 30.3%], ‘Pens of All Kinds’ [(-) 29.2%], ‘Computers’ [(-) 25.9%], ‘Wood Furniture’ [(-) 25.7%] and ‘Commercial Vehicles’ [(-) 25.3%].
7. Some of the other important items showing high positive growth are: ‘Vitamins’ (198.4%), ‘Sugar Machinery’ (78.8%), ‘Ayurvedic Medicaments’ (62.7%), ‘Cable, Rubber Insulated’ (59.8%), ‘Air Conditioners (Room)’ (47.2%), ‘Steel Structures’ (38.5%), ‘Leather Garments’ (27.4%), ‘Transformers (Small)’ (26.7%), ‘Stainless/ alloy steel’ (25.0%), ‘Cashew Kernels’ (23.4%) and ‘Antibiotics & its preparations’ (20.1%).
8. Along with the Quick Estimates of IIP for the month of December 2013, the indices for November 2013 have undergone the first revision and those for September 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 November 2013 shall undergo final (second) revision along with the release of IIP for the month of February 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 December 2013, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.
