Monday, October 12, 2009

Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of August, 2009. 
  
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of August 2009 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 292.3, which is 10.4% higher as compared to the level in the month of August 2008. The cumulative growth for the period April-August 2009-10 stands at 5.8% over the corresponding period of the pervious year.

2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2009 stand at 181.1, 313.0, and 245.1 respectively, with the corresponding growth rates of 12.9%, 10.2% and 10.6% as compared to August 2008. The cumulative growth during April-August, 2009-10 over the corresponding period of 2008-09 in the three sectors have been 8.4%, 5.5% and 6.6% respectively, which moved the overall growth in the General Index to 5.8%.

3. In terms of industries, as many as fourteen (14) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of August 2009 as compared to the corresponding month of the previous year. The industry group ‘Rubber, Plastic, Petroleum and Coal Products’ have shown the highest growth of 21.5%, followed by 16.4% in ‘Textile Products (including Wearing Apparel)’ and 15.7% in ‘Wool, Silk and Man-made Fibre Textiles’. On the other hand, the industry group ‘Jute and Other Vegetable Fibre Textiles (except cotton)’ have shown a negative growth of 10.2% followed by 9.6% in ‘Food Products’ and 3.6% in “Wood and Wood Products; Furniture and Fixtures”.

4. As per Use-based classification, the Sectoral growth rates in August 2009 over August 2008 are 10.0% in Basic goods, 8.3% in Capital goods and 14.3% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 22.3% and 3.7% respectively, with the overall growth in Consumer goods being 8.5%.

5. Alongwith the Quick Estimates of IIP for August 2009, the indices for July 2009 have undergone the first revision and those for May 2009 have undergone the second (final) revision in the light of the updated data received from the source agencies. (It may be noted that revised indices (first revision) in respect of June 2009 have already been released in September 2009 and these indices shall undergo final (second) revision in November 2009).

6. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC)-1987 and by Use-based classification for the month of August 2009, 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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