Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of December, 2010.
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2010 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index stands at 353.6, which is 1.6% higher as compared to the level in the month of December 2009. The cumulative growth for the period April- December, 2010-11 stands at 8.6% 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 2010 stand at 216.9, 385.0, and 249.3 respectively, with the corresponding growth rates of 3.8%, 1.0% and 6.0% as compared to December 2009. The cumulative growth during April- December, 2010-11 over the corresponding period of 2009-10 in these three sectors have been 7.7%, 9.1% and 4.7% respectively, which moved the overall growth in the General Index to 8.6%.
3. In terms of industries, twelve (12) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of December 2010 as compared to the corresponding month of the previous year. The industry group ‘Jute and other vegetable fibre Textiles (except cotton)’ have shown the highest growth of 58.6%, followed by 21.6% in ‘Other Manufacturing Industries’ and 21.0% in ‘Metal Products and Parts, except Machinery and Equipment’. On the other hand, the industry group ‘Wood and Wood Products; Furniture and Fixtures’ have shown a negative growth of 17.3% followed by 12.8% in ‘Machinery and Equipment other than Transport equipment’.
4. As per Use-based classification, the Sectoral growth rates in December 2010 over December 2009 are 5.2% in Basic goods, (-) 13.7% in Capital goods and 6.6% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 18.5% and (-) 1.1% respectively, with the overall growth in Consumer goods being 3.9%.
5. During the current month, negative growth has been observed in Capital goods and Consumer non-durable goods. Important items registering highly negative growth include ‘Computer system and its peripherals’ [(-) 52.2%], ‘Agricultural implements’ [(-) 49.6%], ‘Ship building and repair’ [(-) 46.7%], ‘Insulated cables/wires all kinds’ [(-) 42.5%] and ‘Material handling equipment in cl.wagon’ [(-) 35.6] in case of Capital goods and ‘Cigarettes’ [(-) 34.3], ‘Hair oil/ayurvedic hair oil’ [(-) 34.2%] and ‘Rice bran oil’ [(-) 31.6%] in case of Consumer non-durable goods. Moreover ‘Photo film/roll film’ [(-) 43.9%] and ‘Endosulfan technical’ [(-) 32.2%] of Intermediate goods are also showing highly negative growth.
6. Alongwith the Quick Estimates of IIP for December 2010, the indices for November 2010 have undergone the first revision and those for September 2010 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 2010 have already been released along with the Quick estimate for the month of November 2010 and these indices shall undergo final (second) revision in IIP for the month of January 2011).
7. 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 December 2010, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2010 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index stands at 353.6, which is 1.6% higher as compared to the level in the month of December 2009. The cumulative growth for the period April- December, 2010-11 stands at 8.6% 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 2010 stand at 216.9, 385.0, and 249.3 respectively, with the corresponding growth rates of 3.8%, 1.0% and 6.0% as compared to December 2009. The cumulative growth during April- December, 2010-11 over the corresponding period of 2009-10 in these three sectors have been 7.7%, 9.1% and 4.7% respectively, which moved the overall growth in the General Index to 8.6%.
3. In terms of industries, twelve (12) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of December 2010 as compared to the corresponding month of the previous year. The industry group ‘Jute and other vegetable fibre Textiles (except cotton)’ have shown the highest growth of 58.6%, followed by 21.6% in ‘Other Manufacturing Industries’ and 21.0% in ‘Metal Products and Parts, except Machinery and Equipment’. On the other hand, the industry group ‘Wood and Wood Products; Furniture and Fixtures’ have shown a negative growth of 17.3% followed by 12.8% in ‘Machinery and Equipment other than Transport equipment’.
4. As per Use-based classification, the Sectoral growth rates in December 2010 over December 2009 are 5.2% in Basic goods, (-) 13.7% in Capital goods and 6.6% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 18.5% and (-) 1.1% respectively, with the overall growth in Consumer goods being 3.9%.
5. During the current month, negative growth has been observed in Capital goods and Consumer non-durable goods. Important items registering highly negative growth include ‘Computer system and its peripherals’ [(-) 52.2%], ‘Agricultural implements’ [(-) 49.6%], ‘Ship building and repair’ [(-) 46.7%], ‘Insulated cables/wires all kinds’ [(-) 42.5%] and ‘Material handling equipment in cl.wagon’ [(-) 35.6] in case of Capital goods and ‘Cigarettes’ [(-) 34.3], ‘Hair oil/ayurvedic hair oil’ [(-) 34.2%] and ‘Rice bran oil’ [(-) 31.6%] in case of Consumer non-durable goods. Moreover ‘Photo film/roll film’ [(-) 43.9%] and ‘Endosulfan technical’ [(-) 32.2%] of Intermediate goods are also showing highly negative growth.
6. Alongwith the Quick Estimates of IIP for December 2010, the indices for November 2010 have undergone the first revision and those for September 2010 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 2010 have already been released along with the Quick estimate for the month of November 2010 and these indices shall undergo final (second) revision in IIP for the month of January 2011).
7. 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 December 2010, 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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