Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of August, 2011 (Base 2004-05=100)

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Press Information Bureau Government of India Ministry of Statistics & Programme Implementation 12-October-2011 11:10 IST Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of August, 2011 (Base 2004-05=100) The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of August 2011 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index for the month of August 2011 stands at 162.4, which is 4.1% higher as compared to the level in the month of August 2010. The cumulative growth for the period April-August 2011-12 stands at 5.6% over the corresponding period of the previous year. 2.The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2011 stand at 117.6, 172.6 and 149.4 respectively, with the corresponding growth rates of (-)3.4%, 4.5% and 9.5% as compared to August 2010 (Statement I). The cumulative growth in the three sectors during April-August, 2011-12 over the corresponding period of 2010-11 has been 0.2%, 6.0% and 9.5% respectively, which moved the overall growth in the General Index to 5.6%. 3.     In terms of industries, eleven (11) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of August 2011 as compared to the corresponding month of the previous year (Statement II) with the industry group ‘paper and paper product’ showing no change in the index value. The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest growth of 12.5%, followed by 12.1% in ‘Other transport equipment’ and 11.6% in ‘Fabricated metal products, except machinery& equipment’. On the other hand, the industry group ‘Office, accounting& computing machinery’ has shown a negative growth of 26.8% followed by 20.5% in ‘Tobacco products’. 4.       As per Use-based classification, the growth rates in August 2011 over August 2010 are 5.4% in Basic goods, 3.9% in Capital goods and 1.3% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 4.6% and 2.9% respectively, with the overall growth in Consumer goods being 3.7%. 5.       Some of the important items of intermediate goods showing highly negative growth during the current month and thus contributing to the low growth of the overall index for the month include‘Colour TV Picture Tubes’ [(-) 59.8%], ‘Viscose staple fibre’ [(-) 40.9%], ‘Sealed Compressors’ [(-) 38.7%] and ‘twine, jute (sutli)’[(-) 36.0%]. However, some important items of the intermediate goods are also showing significant positive growth. These are: ‘Petroleum Coke’ (287.4%), ‘Furnace Oil’(38.9%) and ‘Industrial Alcohol (Rectified/Denatured Spirit)’ (36.6%). 6.       The other important items showing positive growth during the month are: ‘Fruit Pulp’ (359.4%), ‘Di Ammonium Phosphate(DAP)’ (64.1%), ‘Stainless/ alloy steel’(54.9%), ‘sugar’ (50.2%), ‘Vitamins’ (38.0%),‘Steel Castings’ (37.7%), ‘Aluminium’ (37.6%), ‘Heat Exchangers’ (32.6%), ‘Tractors’(32.4%) and ‘Air Break Switches / Circuit Breakers’ (32.2%). 7.      Along with the Q.E. of IIP for the month of August 2011, the indices for July 2011 have undergone the first revision and those for May 2011 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 July 2011 shall undergo final (second) revision in IIP for the month of October 2011) 8.      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 August 2011, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed. Click here to see Statements AD/DB

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