Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of February, 2014 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of February 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 February 2014 stands at 172.8, which is 1.9% lower as compared to the level in the month of February 2013. The cumulative growth for the period April-February 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 February 2014 stand at 126.3, 183.7 and 156.7 respectively, with the corresponding growth rates of  1.4%, (-) 3.7% and 11.5% as compared to February 2013 (Statement I). The cumulative growth in the three sectors during April-February 2013-14 over the corresponding period of 2012-13 has been (-) 1.1%, (-) 0.7% and 6.2% respectively.

4. In terms of industries, thirteen (13) 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 February 2014 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest negative growth of (-) 34.1%, followed by (-) 24.6% in ‘Electrical machinery & apparatus n.e.c.’ and (-) 21.3% in ‘Wearing apparel; dressing and dyeing of fur’. On the other hand, the industry group ‘Furniture; manufacturing n.e.c.’ has shown the positive growth of 9.3%, followed by 9.1% in ‘Textiles’ and 6.1% in ‘Coke, refined petroleum products & nuclear fuel’.

5. As per Use-based classification, the growth rates in February 2014 over February 2013 are 3.9% in Basic goods, (-) 17.4% in Capital goods and 4.2% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 9.3% and (-) 1.2% respectively, with the overall growth in Consumer goods being (-) 4.5%.

6. Some of the important items showing high negative growth are: ‘Generator/ Alternator’ [(-) 48.9%], ‘Heat Exchangers’ [(-) 44.8%], ‘Aluminium Conductor’    [(-) 42.4%], ‘H R Sheets’ [(-) 40.9%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 36.3%], ‘Boilers’ [(-) 36.3%], ‘Cable, Rubber Insulated’  [(-) 32.2%], ‘Earth Moving Machinery’ [(-) 28.6%], ‘Apparels’ [(-) 27.6%], ‘Colour T.V. sets’ [(-) 26.8%], ‘Block Board’ [(-) 25.6%] and ‘PVC Pipes and Tubes’   [(-) 23.4%].

7. Some of the other important items showing high positive growth during the current month over the same month in previous year include ‘Woollen carpets’ (105.3%), ‘Terry Towels’ (29.8%), ‘Steel Structures’ (24.7%), ‘Scooter and Mopeds’ (22.8%), ‘Leather Garments’ (22.6%) and ‘Gems and Jewellery’ (21.7%).

8. Along with the Quick Estimates of IIP for the month of February 2014, the indices for January 2014 have undergone the first revision and those for November 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 January 2014 shall undergo final (second) revision along with the release of IIP for the month of April 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 February 2014, 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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