Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of December, 2011 (Base 2004-05=100)

Press Information Bureau

Government of India

Ministry of Statistics & Programme Implementation

10-February-2012 11:35 IST

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of December 2011 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index for the month of December 2011 stands at 178.8, which is 1.8% higher as compared to the level in the month of December 2010. The cumulative growth for the period April-December 2011-12 stands at 3.6% over the corresponding period of the previous year.

2.  The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2011 stand at 136.2, 190.7 and 149.8 respectively, with the corresponding growth rates of (-) 3.7%,    1.8% and 9.1% as compared to December 2010 (Statement I). The cumulative growth in the three sectors during April-December, 2011-12 over the corresponding period of 2010-11 has been (-)2.7%, 3.9% and 9.4% respectively, which moved the overall growth in the General Index to 3.6%.

3.  In terms of industries, fifteen (15) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of December 2011 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Publishing, printing & reproduction of recorded media’ has shown the highest growth of 57.3%, followed by 41.2% in ‘Medical, precision & optical instruments, watches and clocks’ and 24.3% in ‘Tobacco products’. On the other hand, the industry group ‘Electrical machinery & apparatus n.e.c.’ has shown a negative growth of 48.8% followed by 7.4% in ‘Furniture; manufacturing n.e.c.’ and 6.4% in ‘Machinery and equipment n.e.c’.

4. As per Use-based classification, the growth rates in December 2011 over December 2010 are 4.0% in Basic goods, (-) 16.5% in Capital goods and (-)2.8% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 5.3% and 13.4% respectively, with the overall growth in Consumer goods being 10.0%.

5.  Some of the important items of consumer goods showing high positive growth during the current month and thus contributing to the growth of the overall index for the month include ‘Cashew Kernels’ (135.3%),  ‘Marble Tiles/Slabs’ (71.4%), ‘Newspapers’ (60.1%),  ‘Cigarettes’ (48.0%), ‘Leather garments’ (34.8%) and ‘Pens of all kind’ (33.0%).  However, some important items of the consumer goods are also showing negative growth. These are:  ‘Vitamins’ [(-) 49.3%], ‘Polythene bags including Hdpe & Ldpe Bags’ [(-) 36.9%] and ‘Gems & Jewellery’ [(-) 24.0%].

6. The other important items showing negative growth during the month are: ‘Cable, Rubber Insulated’ [(-)78.8%],  ‘Cement Machinery’ [(-)76.6%], ‘Colour  TV  Picture  Tubes’ [(- ) 71.7%] , ‘X-Ray Equipments’   [(-)40.3%], ‘Plastic Machinery including Moulding Machinery’ [(-)34.9%] and ‘Cotton Yarn’ [(-)14.5%].

7. Along with the Q.E. of IIP for the month of December 2011, the indices for November 2011 have undergone the first revision and those for September 2011 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 November 2011 shall undergo final (second) revision along with the release of IIP for the month of February 2012)

8.  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 December 2011, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

Click here to see Statements

****

AD/DB