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Quick estimates of index of Industrial Production and use-based …

 

The Quick Estimates of Index of IndustrialProduction (IIP) with base2011-12for the month of January 2018have been releasedby the CentralStatisticsOffice of the Ministry of Statistics andProgramme Implementation. IIP is compiled using datareceivedfrom 14 source agencies viz. (i) Department of Industrial Policy&Promotion (DIPP); (ii) IndianBureau of Mines; (iii) Central Electricity Authority; (iv) JointPlant Committee, Ministry of Steel; (v) Ministry of Petroleum&Natural Gas; (vi) Office of TextileCommissioner; (vii) Department of Chemicals & Petrochemicals; (viii) Directorate of Sugar & Vegetable Oils; (ix) Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; and (xiv) Coffee Board.

2. The General Index for the month of January 2018 stands at 132.3, which is 7.5 percent higher as compared to the level in the month of January 2017. The cumulative growth for the period April-January 2017-18 over the corresponding period of the previous year stands at 4.1 percent.

3. The Indices of IndustrialProductionfor the Mining, ManufacturingandElectricity Sectors for the month of January 2018standat114.5, 133.8 and 149.5 respectively, with the correspondinggrowthrates of 0.1 percent, 8.7 percent and 7.6 percent as compared to January 2017 (Statement I). The cumulative growth in these three Sectors during April-January 2017-18 over the corresponding period of 2016-17has been 2.5 percent, 4.3 percent and 5.3 percent respectively.

4.Interms of industries, sixteen out of the twenty threeIndustrygroups (asper 2-digit NIC-2008) in the manufacturingsectorhave shown positivegrowthduring the month of January 2018 as compared to the corresponding month of the previous year (Statement II).The Industry group ‘Manufacture of other transport equipment’ has shown the highest positive growth of 33.1 percent followed by 27.8 percent in ‘Manufacture of furniture’ and 26.6 percent in ‘Manufacture of  motor vehicles, Trailers and semi-trailers’. On the other hand, the industry group ‘Manufacture of tobacco products’ has shown the highest negative growth of (-) 46.5 percent followed by (-) 32.4 percent in ‘Othermanufacturing’ and (-) 13.2 percent in ‘Printing and reproduction of recorded media’.

5. Asper Use-based classification, the growthratesinJanuary 2018overJanuary 2017 are 5.8 percent in Primarygoods, 14.6 percent in Capital goods, 4.9 percent in Intermediate goods and 6.8 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 8.0percent and 10.5 percent respectively.

6. Some important item groups showing high positive growth during the current month over the same month in previous year include ‘Bodies of trucks, lorries and trailers’ (267.5%), ‘Steroids and hormonal preparations (including anti-fungal preparations)’ (102.9%), ‘Stainless Steel utensils’ (89.2%),‘Axle’ (58.8%), ‘Separators including decanter centrifuge’ (49.7%), ‘Sugar’ (40.9%), ‘Two-wheelers (motorcycles/ scooters)’ (37.7%), ‘Digestive enzymes and antacids (incl. PPI drugs)’ (31.7%), ‘Commercial Vehicles’ (29.8%), ‘Films of polythene, polyester, PVC & other forms of plastic’ (22.0%)  and ‘Cement- all types’ (21.5%).

7.Someimportant item groups that have registered high negative growthinclude ‘Jewellery of gold (studded with stones or not)’ [(-) 73.8%], ‘Other tobacco products’ [(-) 73.4%], ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 64.7%], ‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 40.7%], ‘Kerosene’ [(-) 37.3%], ‘Material handling, lifting and hoisting equipment’ [(-) 34.3%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 29.1%],  ‘Paper of all kinds excluding newsprint’ [(-) 28.8%], ‘Medical/ surgical accessories’ [(-) 27.1%] and ‘Printed Books (incl. Manuals, reports, brochures, catalogs, etc.)’ [(-) 21.1%].

8. Taking into account the weights, the dominant item groups (five each) which have positively and negatively contributed to the overall growth of IIP are given below:

 














Item Group

Weights (%)

Contribution to IIP Growth

High PositiveContributors

Digestive enzymes and antacids (incl. PPI drugs)

0.22

1.1375

Diesel

5.71

0.7704

Electricity

7.99

0.6884

Sugar

0.76

0.4651

Two-wheelers (motorcycles/ scooters)

1.36

0.4541

High Negative Contributors

Other tobacco products

0.24

-0.4816

Jewellery of gold (studded with stones or not)

0.44

-0.4047

Plastic components of packing/ closing/ bottling articles & of electrical fittings

0.26

-0.1137

Readymade Garments, knitted

0.23

-0.1018

Bags/ pouches of HDPE/ LDPE (plastic)

0.34

-0.0983

 

9. Along with the Quick Estimates of IIP for the month of January 2018, the indices for December 2017have undergone the firstrevisionand those for October 2017 have undergone the final revision in the light of the updated datareceivedfrom the source agencies.

 

10. Statements giving Quick Estimates of the Index of IndustrialProduction at Sectoral, 2-digit level of National Industrial Classification (NIC-2008)andby Use-based classification for the month of January 2018, along with the growthratesover the corresponding month of the previous year including the cumulative indices are enclosed.

 

 

 

Note: –

  1. This Pressreleaseinformation is alsoavailable at the Website of the Ministry – http://www.mospi.nic.in
  2. Release of the index for February 2018willbeonThursday, 12April 2018.
  3. Press release in Hindi follows and shall be available at:

http://mospi.nic.in/hi