Tuesday, June 12, 2012

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

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of April 2012 have beenreleased by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received form 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 TextileCommissioner; 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 April 2012 stands at 166.4, which is 0.1% higher as compared to the level in the month of April 2011. The cumulative growth for the period April-March 2011-12 stands at 2.8% over the corresponding period of the previous year.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2012stand at 124.4, 176.2    and 152.7 respectively, with the  corresponding growth rates of  (-)3.1%, 0.1% and 4.6% as compared to April 2011 (Statement I). The cumulative growth in the three sectors during April-March 2011-12 over the corresponding period of 2010-11 has been (-)1.9%, 3.0% and 8.2% respectively.

4. In terms of industries, twelve (12) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in themanufacturing sector have shown positive growth during the month of April 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 growth of 52.7%, followed by 29.4% in ‘Medicalprecision & optical instruments, watches and clocks’ and 21.4% in ‘Radio, TV and Communication Equipment and Apparatus’. On the other hand, the industry group ‘Electric Machinery and apparatus n.e.c.’ has shown a negative growth of 49.2% followed by 14.9% in ‘OfficeAccounting and Computing Machinery’ and 9.1% in ‘Wearing appareldressing and dyeing of fur’.

5. As per Use-based classification, the growth rates in April 2012 over April 2011 are 2.3% in Basic goods, (-) 16.3% inCapital  goods  and  (-)1.4% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 5.0% and 5.4% respectively, with the overall growth in Consumer goods being 5.2%.

6. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Telephone Instruments including Mobile Phone & Accessories’ (30.0%), ‘Newspapers’ (56.7%), ‘Conductor,Aluminium’ (42.3%), ‘Boilers’ (38.1%), ‘Polythene Bags including Hdpe & Ldpe Bags’ (194.0%), ‘Cement Machinery’ (193.1%), ‘Aerated Water & Soft Drinks’ (35.3%), ‘Cashew Kernels’ (31.9%) and ‘Generator/ Alternator’ (37.2%).

7. Some of the other important items showing high negative growth are: ‘Cable, Rubber Insulated’ [(-) 85.2%], ‘Sugar’ [(-) 21.4%], ‘Vitamins’ [(-) 55.9%], ‘Colour TV Sets’ [(-) 29.5%], ‘Furnace Oil’ [(-) 26.0%], ‘Woollen Carpets’ [(-) 47.0%] and ‘Textile Machinery’ [(-) 40.9%].

8. Along with the Q.E. of IIP for the month of April 2012, the indices for March 2012 have undergone the first revisionand those for January 2012 have undergone the final revision in the light of the updated data received from the sourceagencies. It may be noted that these revised indices (first revision) in respect of March 2012 shall undergo final (second) revision along with the release of IIP for the month of June 2012.

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