Quick Estimates of Index of Industrial Production and use-based Index for the Month of August, 2012 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of August 2012 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received form 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 2012 stands at 165.7, which is 2.7% higher as compared to the levelin the month of August 2011. The cumulative growth for the period April-August 2012-13 over the correspondingperiod of the previous year stands at 0.4%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2012 stand at 117.3, 176.6 and 152.2 respectively, with the corresponding growth rates of  2.0%,  2.9% and 1.9% as compared to August 2011 (Statement I). The cumulative growth in the three sectors during April-August 2012-13 over the corresponding period of 2011-12 has been (-) 0.6%, 0.0% and 4.8% respectively.

4. In terms of industries, thirteen (13) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in themanufacturing sector have shown positive growth during the month of August 2012 as compared to thecorresponding month of the previous year (Statement II). The industry group ‘Publishing, printing & reproduction ofrecorded media’ has shown the highest growth of 15.4%, followed by 14.5% in ‘Radio, TV and communicationequipment & apparatus’ and 14.4% in ‘Medical, precision & optical instruments, watches and clocks’. On the otherhand, the industry group ‘Office, accounting and computing machinery’  has shown a negative growth of 13.1% followed by 9.5% in ‘Motor vehicles, trailers & semi-trailers’ and 7.6% in ‘Other transport equipment’.

5. As per Use-based classification, the growth rates in August 2012 over August 2011 are 2.8% in Basic goods, (-) 1.7% in Capital goods and 1.9% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 4.0% and 5.8% respectively, with the overall growth in Consumer goods being 5.0%.

6. Some of the important items showing high positive growth are: ‘Telephone Instruments Including MobilePhones & Accessories’ (18.0%), ‘Antibiotics & its Preparations’ (43.0%), ‘Carbon Steel’ (51.5%), ‘Conductor,Aluminium’ (68.3%), ‘Air Conditioner (Room)’ (76.9%), ‘Tea’ (20.1%), ‘Boilers’ (21.9%), ‘CR Sheets’ (24.9%), ‘PlasticMachinery Incl. Moulding Machinery’ (36.5%), ‘Mancozab’ (282.1%) and ‘Aerated Waters & Soft Drinks’ (55.5%).

7. Some of the other important items showing high negative growth during the current month over the samemonth in previous year include ‘Cable, Rubber Insulated’ [(-) 64.1%], ‘Passenger Cars’ [(-) 17.5%], ‘Sponge Iron’ [(-) 20.4%], ‘Tractors’ [(-) 20.1%], ‘Vitamins’ [(-) 36.1%], ‘Furnace Oil’ [(-) 27.4%], ‘Aviation Turbine Fuel’ [(-) 28.3%], ‘Earth Moving Machinery’ [(-) 19.6%], ‘Cigarettes’ [(-) 17.6%], ‘Ayurvedic Medicaments’ [(-) 25.2%] and ‘Fruit Pulp’ [(-) 36.3%].

8. Along with the Q.E. of IIP for the month of August 2012, the indices for July 2012 have undergone the firstrevision and those for May 2012 have undergone the final revision in the light of the updated data received fromthe source agencies. It may be noted that these revised indices (first revision) in respect of July 2012 shall undergo final (second) revision along with the release of IIP for the month of October 2012.

9. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level ofNational Industrial Classification (NIC-2004) and by Use-based classification for the month of August 2012, along with the growth rates over the corresponding month of previous year, including the cumulativeindices and growth rates, are enclosed.

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