Friday, February 12, 2010

Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of December, 2009.
  

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2009 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 331.7, which is 16.8% higher as compared to the level in the month of December 2008. The cumulative growth for the period April-December 2009-10 stands at 8.6% 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 December 2009 stand at 206.0, 360.7, and 235.2 respectively, with the corresponding growth rates of 9.5%, 18.5% and 5.4% as compared to December 2008. The cumulative growth during April-December, 2009-10 over the corresponding period of 2008-09 in the three sectors have been 8.5%, 9.0% and 5.8% respectively, which moved the overall growth in the General Index to 8.6%.



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 December 2009 as compared to the corresponding month of the previous year. The industry group ‘Transport Equipment and Parts’ have shown the highest growth of 82.2%, followed by 44.6% in ‘Machinery and Equipment other than Transport Equipment’ and 29.0% in ‘Basic Chemicals & Chemical Products (except products of Petroleum & Coal)’. On the other hand, the industry group ‘Other Manufacturing Industries’ have shown a negative growth of 9.4% followed by 6.9% in ‘Food Products’ and 0.1% in ‘Leather and Leather & Fur Products’.



4. As per Use-based classification, the Sectoral growth rates in December 2009 over December 2008 are 7.5% in Basic goods, 38.8% in Capital goods and 21.7% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 46.0% and 3.7% respectively, with the overall growth in Consumer goods being 12.0%.



5. Alongwith the Quick Estimates of IIP for December 2009, the indices for November 2009 have undergone the first revision and those for September 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 October 2009 have already been released in January 2010 and these indices shall undergo final (second) revision in March 2010).



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