Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of May, 2013 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of May 2013 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 May 2013 stands at 167.6, which is 1.6% lower as compared to the level in the month of May 2012. The cumulative growth for the period April-May 2013-14 over the corresponding period of the previous year stands at 0.1%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2013 stand at 122.6, 175.4 and 172.4 respectively, with the corresponding growth rates of (-) 5.7%, (-) 2.0% and 6.2% as compared to May 2012 (Statement I). The cumulative growth in the three sectors during April-May 2013-14 over the corresponding period of 2012-13 has been (-) 4.5%, 0.1% and 5.3% 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 sector have shown negative growth during the month of May 2013 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Office, accounting & computing machinery’ has shown the highest negative growth of 30.0%, followed by 26.1% in ‘Radio, TV and communication equipment & apparatus’ and 21.0% in ‘Tobacco products’. On the other hand, the industry group ‘Furniture; manufacturing n.e.c.’ has shown a positive growth of 18.7% followed by 14.3% in ‘Wearing apparel; dressing and dyeing of fur’ and 10.5% in ‘Coke, refined petroleum products & nuclear fuel’.

5. As per Use-based classification, the growth rates in May 2013 over May 2012 are (-) 0.4% in Basic goods, (-) 2.7% in Capital goods and 1.5% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 10.4% and 1.7% respectively, with the overall growth in Consumer goods being (-) 4.0%.

6. Some of the important items showing high negative growth during the current month over the same month in previous year include ‘Fruit Pulp’ [(-) 51.1%], ‘Sugar (including sugar cubes)’ [(-) 37.8%], ‘Cigarettes’ [(-) 35.7%], ‘Polyester Chips’ [(-) 26.6%], ‘Copper and Copper Products’ [(-) 67.3%], ‘Boilers’ [(-) 32.9%], ‘Earth Moving Machinery’ [(-) 30.3%], ‘Sugar Machinery’ [(-) 70.2%], ‘Plastic Machinery Incl. Moulding Machinery’ [(-) 48.0%], ‘Computers’ [(-) 33.0%] and ‘Telephone Instruments including Mobile Phones & Accessories’ [(-) 28.6%].

7. Some of the other important items showing high positive growth are: ‘Leather Garments’ (27.0%), ‘Fuel, Aviation Turbine’ (32.5%), ‘Vitamins’ (75.7%), ‘Antibiotics & its preparations’ (33.2%), ‘PVC Pipes and Tubes’ (31.0%), ‘Tractors’ (31.3%), ‘Cable, Rubber Insulated’ (56.6%) and ‘Gems and Jewellery’ (31.3%).

8. Along with the Q.E. of IIP for the month of May 2013, the indices for April 2013 have undergone the first revision and those for February 2013 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 April 2013 shall undergo final (second) revision along with the release of IIP for the month of July 2013.

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 May 2013, 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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(Release ID :97185)