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TMI BlogQuick Estimates of Index of Industrial Production and Use-Based Index for the Month of March, 2014 (Base 2004-05=100)X X X X Extracts X X X X X X X X Extracts X X X X ..... Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of March, 2014 (Base 2004-05=100) - News and Press Release Dated:- 12-5-2014 - News - The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of March 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 March 2014 stands at 193.2, which is 0.5% lower as compared to the level in the month of March 2013. The cumulative growth for the period April-March 2013-14 over the corresponding period of the previous year stands at (-) 0.1%. 3. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2014 stand at 145.8, 204.8 and 173.0 respectively, with the corresponding growth rates of (-) 0.4%, (-) 1.2% and 5.4% as compared to March 2013 (Statement I). The cumulative growth in the three sectors during April-March 2013-14 over the corresponding period of 2012-13 has been (-) 0.8%, (-) 0.8% and 6.1% respectively. 4. In terms of industries, twelve (12) out of the twenty two (22) industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown negative growth during the month of March 2014 as compared to the corresponding month of the previous year (St atement II). The industry group Radio, TV and communication equipment apparatus has shown the highest negative growth of (-) 33.1%, followed by (-) 26.1% in Office, accounting and computing machinery and (-) 21.5% in Medical, precision optical instruments, watches and clocks . On the other hand, the industry group Wearing apparel; dressing and dyeing of fur has shown the highest positive growth of 26.0%, followed by 9.2% in Basic metals and 6.2% in Food products and beverages . 5. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s per Use-based classification, the growth rates in March 2014 over March 2013 are 4.0% in Basic goods, (-) 12.5% in Capital goods and 0.6% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 11.8% and 7.2% respectively, with the overall growth in Consumer goods being (-) 0.9%. 6. Some of the important items showing high negative growth are: Aluminium Conductor [(-) 61.4%], Sacking [(-) 42.4%], Woollen Carpets [(-) 40.0%], Boilers [(-) 37.8%], Telephone Instruments (incl. Mobile Phones Accessories) [(-) 36.9%], Ship Building and Repairs [(-) 31.0%], Computers [(-) 30.2%], Earth Moving Machinery [(-) 27.6%], Commercial Vehicles [(-) 24.0%] and Generator/ Alternator [(-) 21.1%]. 7. Some of the other important items showing high positive growth during the current month over the same month in previous year include Leather Garments (146.4%), Heat Exchangers (87.1%), Sugar Machinery (79.2%), Stainless/ alloy Steel (55.6%), Lubricating Oil (45.5%), Vitamins (29.8%), Scooter and Mopeds (28.7%) and Plates (27.6%). 8. Along with the Quick Estimates of IIP for the month of March 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4, the indices for February 2014 have undergone the first revision and those for December 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 February 2014 shall undergo final (second) revision along with the release of IIP for the month of May 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 March 2014, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed. STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL (Base : 2004-05=100) Month Mining Manufacturing Electricity General (141.57) (755.27) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (103.16) (1000.00) 2012- 2013 2013- 2014 2012- 2013 2013- 2014 2012- 2013 2013- 2014 2012- 2013 2013- 2014 Apr 124.8 120.5 173.0 176.1 152.7 159.1 164.1 166.5 May 130.0 122.3 179.0 173.3 162.3 172.4 170.3 166.0 Jun 122.1 116.5 178.1 175.0 157.0 157.0 168.0 164.9 Jul 119.7 116.1 177.4 182.7 156.3 164.5 167.1 171.4 Aug 114.6 113.6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 175.8 175.4 152.2 163.1 164.7 165.4 Sept 111.2 115.2 174.6 177.1 149.7 169.0 163.1 167.5 Oct 122.4 118.8 182.4 180.1 160.5 162.6 171.6 169.6 Nov 121.7 123.7 176.4 171.8 149.1 158.5 165.8 163.6 Dec 132.5 135.9 191.1 189.0 157.6 169.4 179.3 179.5 Jan 135.5 138.1 193.6 193.6 160.7 171.1 182.0 183.4 Feb 124.6 127.1 190.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 183.9 140.5 156.7 176.2 173.1 Mar* 146.4 145.8 207.3 204.8 164.2 173.0 194.2 193.2 Average Apr-Mar 125.5 124.5 183.3 181.9 155.2 164.7 172.2 172.0 Growth over the corresponding period of previous year ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mar -2.1 -0.4 4.3 -1.2 3.5 5.4 3.5 -0.5 Apr-Mar -2.3 -0.8 1.3 -0.8 4.0 6.1 1.1 -0.1 * Indices for March 2014 are Quick Estimates. NOTE : Indices for the months of Dec`13 and Feb`14 incorporate updated production data. TATEMENT II: INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL) (Base: 2004-05=100) Industry Description Weight ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Index Cumulative Index Percentage growth code Mar`13 Mar`14 Apr-Mar Mar`14 Apr-Mar 2012-13 2013-14 2013-14 15 Food products and beverages 72.76 216.7 230.2 169.5 167.3 6.2 -1.3 16 Tobacco products 15.70 128.6 123.7 109.2 111.0 -3.8 1.6 17 Textiles 61.64 145.4 145.6 142.0 147.9 0.1 4.2 18 Wearing apparel; dressing and dyeing of fur 27.82 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 78.3 224.6 143.6 176.0 26.0 22.6 19 Luggage, handbags, saddlery, harness footwear; tanning and dressing of leather products 5.82 139.9 142.4 127.1 133.4 1.8 5.0 20 Wood and products of wood cork except furniture; articles of straw plating materials 10.51 159.4 146.1 147.9 144.8 -8.3 -2.1 21 Paper and paper products 9.99 148.9 143.9 138.7 138.8 -3.4 0.1 22 Publishing, printing reproduction of recorded media 10.78 186.4 178.9 183.0 183.5 -4.0 0.3 23 Coke, refined petroleum products ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nuclear fuel 67.15 153.2 156.3 136.4 143.5 2.0 5.2 24 Chemicals and chemical products 100.59 130.9 134.0 127.3 138.6 2.4 8.9 25 Rubber and plastics products 20.25 195.1 204.1 185.0 180.8 4.6 -2.3 26 Other non-metallic mineral products 43.14 186.2 185.8 161.6 163.2 -0.2 1.0 27 Basic metals 113.35 204.2 223.0 195.8 196.3 9.2 0.3 28 Fabricated metal products, except machinery equipment 30.85 267.2 235.3 193.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 179.8 -11.9 -7.2 29 Machinery and equipment n.e.c. 37.63 312.3 314.0 230.0 218.9 0.5 -4.8 30 Office, accounting computing machinery 3.05 191.9 141.9 128.1 107.9 -26.1 -15.8 31 Electrical machinery apparatus n.e.c. 19.80 506.3 473.6 369.2 422.2 -6.5 14.4 32 Radio, TV and communication equipment apparatus 9.89 876.9 586.5 1003.7 730.1 -33.1 -27.3 33 Medical, precision optical instruments, watches and clocks 5.67 175.6 137.9 117.1 111.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -21.5 -5.0 34 Motor vehicles, trailers semi-trailers 40.64 275.4 236.2 244.8 221.3 -14.2 -9.6 35 Other transport equipment 18.25 255.3 262.5 235.7 248.8 2.8 5.6 36 Furniture; manufacturing n.e.c. 29.97 139.6 125.3 131.5 113.3 -10.2 -13.8 10 Mining Quarrying 141.57 146.4 145.8 125.5 124.5 -0.4 -0.8 15-36 Manufacturing 755.27 207.3 204.8 183.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 181.9 -1.2 -0.8 40 Electricity 103.16 164.2 173.0 155.2 164.7 5.4 6.1 General Index 1000 194.2 193.2 172.2 172.0 -0.5 -0.1 *Industry codes are as per National Industrial Classification 2004 STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED (Base : 2004-05=100) Basic goods Capital goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Intermediate goods Consumer goods Consumer durables Consumer non-durables Month -456.82 -88.25 -156.86 -298.08 -84.6 -213.47 2012- 2013 2013- 2014 2012- 2013 2013- 2014 2012- 2013 2013- 2014 2012- 2013 2013- 2014 2012- 2013 2013- 2014 2012- 2013 2013- 2014 Apr 148 150 207.9 207 141.8 145 187.5 190.6 306.2 276.8 140.5 156.4 May 155.9 156 227.3 219 148.6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 150 187.1 174.7 310.1 253.5 138.3 143.5 Jun 151.2 148 235 220 145.4 147 185.8 183.1 307.2 276.1 137.7 146.2 Jul 150.6 152 234 271 146.3 151 183.3 182.1 307 277.6 134.3 144.2 Aug 149 150 250 245 146.4 152 173.3 171.7 280.7 257.4 130.7 137.8 Sept 144 154 248.7 232 142.1 148 177.8 179.6 303.9 271.6 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 27.8 143.1 Oct 153.7 153 241.1 247 146.7 151 191.7 182.1 336.2 295.8 134.5 137 Nov 149.6 154 235.4 236 139.4 145 184.2 167.8 301.1 235.8 137.8 140.8 Dec 160.1 165 260.7 254 149.4 157 200.6 191.3 273.9 229.1 171.5 176.3 Jan 162.7 167 250.5 240 151.7 157 207.2 206.2 285.4 261.6 176.2 184.3 Feb 150.2 156 28 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.5 236 144.3 150 200.7 192.4 289.7 262.7 165.4 164.5 Mar* 168.6 175 343.2 300 158.3 159 208.4 206.5 311.2 274.4 167.6 179.6 Average Apr-Mar 153.6 157 251.6 242 146.7 151 190.6 185.7 301.1 264.4 146.9 154.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Growth over the corresponding period of previous year Mar 3.2 4 9.6 -13 2.1 0.6 1.8 -0.9 -4.9 -11.8 7.3 7.2 Apr-Mar 2.4 2 -6 -4 1.6 3 2.4 -2.6 2 -12.2 2.8 5.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... * Indices for March 2014 are Quick Estimates. NOTE : Indices for the months of Dec`13 and Feb`14 incorporate updated production data. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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