Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of November, 2012 (Base 2004-05=100)

Press Information Bureau

Government of India

Ministry of Statistics & Programme Implementation

11-January-2013 11:9 IST

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of November 2012 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 November 2012 stands at 167.3, which is 0.1% lower as compared to the level in the month of November 2011. The cumulative growth for the period April-November 2012-13 over the corresponding period of the previous year stands at 1.0%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2012 stand at 121.7, 178.3 and 149.1 respectively, with the corresponding growth rates of  (-) 5.5%, 0.3% and 2.4% as compared to November 2011 (Statement I). The cumulative growth in the three sectors during April-November 2012-13 over the corresponding period of 2011-12 has been (-) 1.5%, 1.0% and 4.4% 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 November 2012 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Publishing, printing and reproduction of recorded media’ has shown the highest negative growth of 22.1%, followed by 21.8% in ‘Office, accounting and computing machinery’ and 18.9% in ‘Wood and products of wood & cork except furniture; articles of straw & plating materials’. On the other hand, the industry group ‘Electrical machinery and apparatus n.e.c.’ has shown a positive growth of 25.1% followed by 15.7% in ‘Luggage, handbags, saddlery, harness and footwear; tanning and dressing of leather products’ and 15.3% in ‘Radio, TV and communication equipment and apparatus’.

5. As per Use-based classification, the growth rates in November 2012 over November 2011 are 1.7% in Basic goods, (-) 7.7% in Capital goods and        (-) 1.1% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 1.9% and 0.3% respectively, with the overall growth in Consumer goods being 1.0%.

6. Some of the important items showing high negative growth during the current month over the same month in previous year include ‘Block Board’ [(-) 27.1%], ‘Newspapers’ [(-) 22.7%], ‘Furnace Oil’ [(-) 28.0%], ‘PVC Pipes & Tubes’ [(-) 33.1%],  ‘Grinding wheels’ [(-) 43.7%], ‘Stampings & Forgings’     [(-) 28.2%], ‘Razor Blades/Safety Blades’ [(-) 28.4%], ‘Air Conditioner (Room)’ [(-) 36.6%], ‘Tractors’ [(-) 20.5%], ‘Drilling Equipment’ [(-) 57.7%], ‘Plastic Machinery incl. Moulding Machinery’ [(-) 40.4%] and ‘Commercial Vehicles’ [(-) 28.3%].

7. Some of the other important items showing high positive growth are: ‘Rice’ (21.3%), ‘Cotton Yarn’ (21.9%), ‘Petroleum Coke’ (82.4%), ‘Antibiotics & its Preparations’ (28.4%), ‘Carbon Steel’ (18.8%), ‘Stainless/ Alloy Steel’ (19.7%), ‘CR Sheets’ (34.1%), ‘HR Coils/ Skelp’ (24.3%), ‘Conductor, Aluminium’ (78.7%), ‘Cable, Rubber Insulated’ (45.3%) and ‘Telephone Instruments including Mobile Phones and Accessories’ (18.1%),.

8. Along with the Q.E. of IIP for the month of November 2012, the indices for October 2012 have undergone the first revision and those for August 2012 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 October 2012 shall undergo final (second) revision along with the release of IIP for the month of January 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 November 2012, 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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