INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF AUGUST, 2014

QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF AUGUST, 2014 (BASE 2004-05=100)

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The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of August 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 August 2014 stands at 166.1, which is 0.4% higher as compared to the level in the month of August 2013. The cumulative growth for the period April-August 2014-15 over the corresponding period of the previous year stands at 2.8%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2014 stand at 116.6, 172.9 and 184.1 respectively, with the corresponding growth rates of 2.6%, (-) 1.4% and 12.9% as compared to August 2013 (Statement I). The cumulative growth in the three sectors during April-August 2014-15 over the corresponding period of 2013-14 has been 2.5%, 1.8% and 11.7% respectively.

4. In terms of industries, eleven (11) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sec tor have shown positive growth during the month of August 2014 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Basic metals’ has shown the highest positive growth of 19.1%, followed by 14.3% in ‘Other transport equipment’ and 10.9% in ‘Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products’. On the other hand, the industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest negative growth of (-) 48.8%, followed by (-) 43.9% in ‘Office, accounting & computing machinery’ and (-) 17.8% in ‘Electricity machinery & apparatus n.e.c.’.

5. As per Use-based classification, the growth rates in August 2014 over August 2013 are 9.6% in Basic goods, (-) 11.3% in Capital goods and 0.3% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 15.0% and (-) 0.9% respectively, with the overall growth in Consumer goods being (-) 6.9%.

6. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Stainless/ alloy steel’ (160.8%), ‘Sealed compressors’ (121.1%), ‘Air Conditioner (Room)’ (80.1%), ‘Plastic Machinery Incl. Moulding Machinery’ (59.4%), ‘Rice’ (56.7%), ‘Scooter and Mopeds’ (32.1%), ‘Three-Wheelers (including passenger & goods carrier)’ (31.3%) and ‘Fasteners (Excl. Zip-Fasteners)’ (25.1%).

7. Some of the other important items showing high negative growth are: ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 57.2%], ‘Generator/ Alternator’ [(-) 51.3%], ‘Computers’ [(-) 49.5%], ‘Marble Tiles/ Slabs’ [(-) 44.0%], ‘Polythene Bags Incl. HDPE & LDPE Bags’ [(-) 42.3%], ‘Aluminium Conductor’ [(-) 37.2%], ‘Sugar Machinery’ [(-) 33.6%], ‘Boilers’ [(-) 32.0%], ‘Sugar’ [(-) 30.8%], ‘Antibiotics & Its Preparations’ [(-) 23.8%], ‘Cable, Rubber Insulated’ [(-) 23.7%], ‘Steel Structures’ [(-) 22.6%] and ‘Fuel, Aviation Turbine’ [(-) 21.8%].

8. Along with the Quick Estimates of IIP for the month of August 2014, the indices for July 2014 have undergone the first revision and those for May 2014 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 2014 shall undergo final (second) revision along with the release of IIP for the month of October 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 August 2014, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.