Index of Industrial Production and Use-Based Index for the Month of June, 2015




Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of June, 2015
(Base 2004-05=100) 

EMBARGO ADVISORY
This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 PM today i.e. 12th August, 2015.



The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of June 2015 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 June 2015 stands at 178.5, which is 3.8% higher as compared to the level in the month of June 2014. The cumulative growth for the period April-June 2015-16 over the corresponding period of the previous year stands at 3.2%.
3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2015 stand at 121.7, 188.4 and 184.0 respectively, with the corresponding growth rates of (-) 0.3%, 4.6% and 1.3% as compared to June 2014 (Statement I). The cumulative growth in the three sectors during April-June 2015-16 over the corresponding period of 2014-15 has been 0.7%, 3.6% and 2.3% respectively.
4. In terms of industries, sixteen (16) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sec torhave shown positive growth during the month of June 2015 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Furniture; manufacturing n.e.c.’ has shown the highest positive growth of 83.7%, followed by 27.6% in ‘Wearing apparel; dressing and dyeing of fur’ and 21.0% in ‘Wood and products of wood & cork except furniture; articles of straw & plating material’. On the other hand, the industry group ‘Publishing, printing & reproduction of recorded media’ has shown the highest negative growth of         (-) 11.4%, followed by (-) 10.0% in ‘Electrical machinery & apparatus n.e.c.’ and (-) 8.7% in ‘Radio, TV and communication equipment & apparatus’.
5. As per Use-based classification, the growth rates in June 2015 over June 2014 are 5.1% in Basic goods, (-) 3.6% in Capital goods and 0.8% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 16.0% and 1.3% respectively, with the overall growth in Consumer goods being 6.6%.
6. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘H R Sheets’ (191.3%), ‘Gems and Jewellery’ (156.8%), ‘Conductor, Aluminium’ (111.6%), ‘Woollen Carpets’ (97.1%), ‘Wood furniture’ (63.5%), ‘Transformers (small)’ (52.4%), ‘Plastic machinery including moulding machinery’ (40.1%), ‘Stainless/ alloy steel’ (37.9%), ‘Pens of all kind’ (34.5%), ‘Apparels’ (29.0%), ‘Block Board’ (24.9%), ‘Carbon Steel’ (23.8%) and ‘Leather Garments’ (22.1%).
7. Some of the other important items showing high negative growth are: ‘Air & Gas Compressors’ [(-) 51.3%], ‘Instant Food Mixes (Ready to eat)’ [(-) 42.7%], ‘Grinding Wheels’ [(-) 35.5%], ‘Linear Alkyl Benzene’ [(-) 35.1%], ‘Cable, Rubber Insulated’ [(-) 28.0%], ‘Aerated Waters and Soft Drinks’ [(-) 26.0%], ‘Tractors (complete)’ [(-) 23.4%] and ‘Furnace Oil’ [(-) 22.5%].
8. However, growth rates in respect of individual items may not reflect their actual contribution in the overall growth rate of IIP. Taking into account the weights of different items, the overall growth rate of IIP can be decomposed into positive and negative contributions of different items. Such contributions of top five items with positive contribution and top five items with negative contribution are given below:
Item Group
Weights (%)
Contribution
High Positive Contributors
Gems And Jewellery
1.77
1.1856
Stainless/ alloy steel
0.64
0.6293
Apparels
2.03
0.5645
Conductor, Aluminium
0.20
0.4633
Carbon steel
0.78
0.3073
High Negative Contributors
Cable, Rubber Insulated
0.12
-1.3274
Castor oil
0.04
-0.1842
Tractors (complete)                                
0.38
-0.1574
Cotton Seed Oil
0.08
-0.1425
Instant Food Mixes (Ready to eat)
0.13
-0.1354

9. Along with the Quick Estimates of IIP for the month of June 2015, the indices for May 2015 have undergone the first revision and those for March 2015 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 May 2015 shall undergo final (second) revision along with the release of IIP for the month of August 2015.

10. 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 June 2015, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.
Note: -
  1. Release of the index for July 2015 will be on Friday, 11 September 2015.
  2. Press release in Hindi follows and shall be available at http://mospi.nic.in/Mospi_New/site/Home_H.aspx


STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL
(Base : 2004-05=100)
Month
Mining
Manufacturing
Electricity
General
(141.57)
(755.27)
(103.16)
(1000.00)
2014-2015
2015-2016
2014-2015
2015-2016
2014-2015
2015-2016
2014-2015
2015-2016
Apr
122.6
122.8
181.4
189.1
178.1
177.2
172.7
178.5
May
125.3
128.2
183.5
187.2
183.9
195.0
175.3
179.7
Jun*
122.1
121.7
180.1
188.4
181.6
184.0
172.0
178.5
Jul
116.2

182.2

183.8

173.0

Aug
115.0

173.4

184.1

166.2

Sep
115.3

181.9

175.6

171.8

Oct
124.2

170.0

184.9

165.1

Nov
128.6

179.9

174.3

172.1

Dec
133.6

196.8

177.6

185.9

Jan
136.7

200.7

176.7

189.2

Feb
129.6

192.7

166.0

181.0

Mar
149.0

210.3

176.4

198.1

Average













Apr-Jun
123.3
124.2
181.7
188.2
181.2
185.4
173.3
178.9






Growth over the corresponding period of previous year 










Jun*
4.8
-0.3
2.9
4.6
15.7
1.3
4.3
3.8






Apr-Jun
2.9
0.7
3.9
3.6
11.3
2.3
4.5
3.2









* Indices for June 2015 are Quick Estimates.
NOTE : Indices for the months of Mar'15 and May'15 incorporate updated production data.

(Base: 2004-05=100)
Industry
Description
Weight
          Index       
    Cumulative Index
  Percentage growth
code


Jun'14
Jun'15
Apr-Jun
Jun'15
Apr-Jun





2014-15
2015-16

2015-16
15
Food products and beverages
72.76
156.3
143.4
162.5
156.4
-8.3
-3.8
16
Tobacco products
15.70
106.0
115.2
108.8
100.4
8.7
-7.7
17
Textiles
61.64
150.9
152.6
151.7
153.9
1.1
1.5
18
Wearing apparel; dressing and dyeing of fur
27.82
152.6
194.7
169.7
199.0
27.6
17.3
19
Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products
5.82
145.9
152.6
148.4
153.6
4.6
3.5
20
Wood and products of wood & cork except furniture; articles of straw & plating materials
10.51
133.5
161.5
140.6
158.0
21.0
12.4
21
Paper and paper products
9.99
137.1
144.8
139.8
144.9
5.6
3.6
22
Publishing, printing & reproduction of recorded media
10.78
175.2
155.2
173.8
165.2
-11.4
-4.9
23
Coke, refined petroleum products & nuclear fuel
67.15
138.6
150.7
137.9
145.8
8.7
5.7
24
Chemicals and chemical products
100.59
140.7
143.3
136.2
142.1
1.8
4.3
25
Rubber and plastics products
20.25
191.8
192.0
190.4
194.9
0.1
2.4
26
Other non-metallic mineral products
43.14
170.3
169.4
175.2
169.6
-0.5
-3.2
27
Basic metals
113.35
209.2
232.0
211.1
230.5
10.9
9.2
28
Fabricated metal products, except machinery & equipment
30.85
175.2
176.4
169.1
168.6
0.7
-0.3
29
Machinery and equipment n.e.c.
37.63
216.5
224.9
231.7
242.4
3.9
4.6
30
Office, accounting & computing machinery
3.05
65.3
76.3
66.3
57.7
16.8
-13.0
31
Electrical machinery & apparatus n.e.c.
19.80
604.0
543.5
515.1
520.9
-10.0
1.1
32
Radio, TV and communication equipment & apparatus
9.89
346.1
316.1
397.5
305.0
-8.7
-23.3
33
Medical, precision & optical instruments, watches and clocks
5.67
107.0
98.1
98.3
91.3
-8.3
-7.1
34
Motor vehicles, trailers & semi-trailers
40.64
204.8
222.4
214.7
228.7
8.6
6.5
35
Other transport equipment
18.25
248.5
250.7
247.7
252.1
0.9
1.8
36
Furniture; manufacturing n.e.c.
29.97
96.4
177.1
120.4
156.1
83.7
29.7








10
Mining & Quarrying
141.57
122.1
121.7
123.3
124.2
-0.3
0.7
15-36
Manufacturing
755.27
180.1
188.4
181.7
188.2
4.6
3.6
40
Electricity
103.16
181.6
184.0
181.2
185.4
1.3
2.3









General Index
1000
172.0
178.5
173.3
178.9
3.8
3.2

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

Basic goods
Capital goods
Intermediate goods
Month
(456.82)
(88.25)
(156.86)

2014-2015
2015-2016
2014-2015
2015-2016
2014-2015
2015-2016
Apr
163.0
167.5
235.0
251.0
149.7
153.5
May
167.1
177.5
228.0
233.0
155.5
157.5
Jun*
163.5
171.9
270.7
260.9
151.2
152.4
Jul
162.8

263.2

155.4

Aug
164.0

220.6

151.9

Sep
161.3

260.9

151.3

Oct
167.9

239.2

145.5

Nov
168.2

252.1

151.4

Dec
174.6

269.7

159.0

Jan
175.4

270.5

158.3

Feb
164.6

254.9

151.8

Mar
180.8

331.5

164.8

Average










Apr-Jun
164.5
172.3
244.6
248.3
152.1
154.5







Growth over the corresponding period of previous year 




Jun*
10.2
5.1
23.3
-3.6
2.6
0.8




Apr-Jun
8.7
4.7
13.7
1.5
3.0
1.6










Consumer goods
Consumer durables
Consumer non-durables
Month
(298.08)
(84.60)
(213.47)

2014-2015
2015-2016
2014-2015
2015-2016
2014-2015
2015-2016
Apr
181.5
187.0
255.4
258.6
152.2
158.6
May
182.7
178.8
262.7
252.4
151.0
149.7
Jun*
166.9
177.9
211.9
245.8
149.0
151.0
Jul
171.3

220.9

151.7

Aug
161.1

218.8

138.3

Sep
172.4

241.5

145.0

Oct
149.0

191.8

132.0

Nov
165.1

201.6

150.6

Dec
192.4

208.0

186.2

Jan
202.3

246.6

184.8

Feb
199.6

251.2

179.2

Mar
202.7

261.9

179.3

Average










Apr-Jun
177.0
181.2
243.3
252.3
150.7
153.1











Jun*
-8.8
6.6
-23.3
16.0
1.9
1.3




Apr-Jun
-3.2
2.4
-9.5
3.7
1.3
1.6








* Indices for June 2015 are Quick Estimates.
NOTE : Indices for the months of Mar'15 and May'15 incorporate updated production data.




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