Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of August, 2015 (Base 2004-05=100)
Quick Estimates of Index of Industrial Production
and Use-Based Index for the Month of August, 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 October, 2015.
The Quick
Estimates of Index of Industrial Production (IIP) with base 2004-05 for the
month of August 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 August 2015 stands at 176.9, which is 6.4% higher as compared
to the level in the month of August 2014. The cumulative growth for the period
April-August 2015-16 over the corresponding period of the previous year stands
at 4.1%.
3. The Indices of
Industrial Production for the Mining, Manufacturing and Electricity sectors for
the month of August 2015 stand at 119.4, 185.3 and 194.4 respectively, with the
corresponding growth rates of 3.8%, 6.9% and 5.6% as compared to August 2014
(Statement I). The cumulative growth in the three sectors during April-August
2015-16 over the corresponding period of 2014-15 has been 1.2%, 4.6% and 3.2%
respectively.
4. In terms of
industries, fifteen (15) 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 2015 as compared to the corresponding month of the previous
year (St atement II). The industry group ‘Furniture; manufacturing n.e.c.’ has
shown the highest positive growth of 90.8%, followed by 40.8% in ‘Electrical
machinery & apparatus n.e.c.’ and 19.5% in ‘Wearing apparel; dressing and
dyeing of fur’. On the other hand, the industry group ‘Tobacco products’ has
shown the highest negative growth of (-) 9.5%, followed by (-) 9.1% in
‘Publishing, printing & reproduction of recorded media’ and (-) 9.0% in
‘Radio, TV and communication equipment & apparatus’.
5. As per
Use-based classification, the growth rates in August 2015 over August 2014 are
3.4% in Basic goods, 21.8% in Capital goods and 2.6% in Intermediate goods
(Statement III). The Consumer durables and Consumer non-durables have
recorded growth of 17.0% and 0.4% respectively, with the overall growth in
Consumer goods being 6.8%.
6. Some of the
important items showing high positive growth during the current month over the
same month in previous year include ‘Gems and Jewellery’ (192.3%), ‘Sugar
Machinery’ (140.8%), ‘H R Sheets’ (129.5%), ‘Fruit Pulp’ (93.4%), ‘Cable,
Rubber Insulated’ (72.1%), ‘Vitamins’ (37.6%), ‘Aluminium wires &
extrusions’ (28.9%), ‘Conductor, Aluminium’ (25.6%), ‘Carbon Steel’ (23.6%),
‘Steel Structures’ (22.5%) and ‘Liquefied Petroleum Gas’ (21.2%).
7. Some of the
other important items showing high negative growth are: ‘Instant Food Mixes
(Ready to eat)’ [(-) 42.9%], ‘Grinding Wheels’ [(-) 37.8%], ‘CR Sheets’ [(-)
28.2%], ‘Stainless/ alloy steel’ [(-) 27.0%], ‘Furnace Oil’ [(-) 26.5%],
‘Purified terephthalic acid’ [(-) 25.7%], ‘Colour TV sets’ [(-) 22.9%],
‘Aerated Waters and Soft Drinks’ [(-) 22.4%] and ‘Air Conditioner (Room)’ [(-)
20.5%].
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
|
1.6678
|
|
Cable, Rubber
Insulated
|
0.12
|
1.5849
|
|
Electricity
|
10.32
|
0.6391
|
|
Mining
|
14.16
|
0.3747
|
|
Apparels
|
2.03
|
0.3507
|
|
High Negative
Contributors
|
||
|
Stainless/ alloy
steel
|
0.64
|
-0.5868
|
|
Groundnut
Oil
|
0.09
|
-0.2597
|
|
H R Coils/Skelp
|
1.30
|
-0.2151
|
|
CR Sheets
|
0.56
|
-0.1992
|
|
Instant Food
Mixes (Ready to eat)
|
0.13
|
-0.1425
|
9. Along with the
Quick Estimates of IIP for the month of August 2015, the indices for July 2015
have undergone the first revision and those for May 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 July 2015 shall undergo final (second) revision along with the
release of IIP for the month of October 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 August 2015, along with the growth rates over
the corresponding month of previous year, including the cumulative indices and
growth rates, are enclosed.
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