Wednesday, May 12, 2010

Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of March, 2010.

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of March 2010 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index stands at 347.3, which is 13.5% higher as compared to the level in the month of March 2009. The cumulative growth for the period April-March 2009-10 stands at 10.4% 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 March 2010 stand at 232.8, 373.6, and 260.0 respectively, with the corresponding growth rates of 11.0%, 14.3% and 7.7% as compared to March 2009. The cumulative growth during April-March, 2009-10 over the corresponding period of 2008-09 in the three sectors have been 9.7%, 10.9% and 6.0% respectively, which moved the overall growth in the General Index to 10.4%.

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 March 2010 as compared to the corresponding month of the previous year. The industry group ‘Metal Products and Parts, except Machinery and Equipment’ have shown the highest growth of 42.8%, followed by 40.1% in ‘Other Manufacturing Industries’ and 26.2% in ‘Food Products’. On the other hand, the industry group ‘Jute and Other Vegetable Fibre Textiles (except cotton)’ have shown a negative growth of 9.6% followed by 5.4% in ‘Textile Products (including Wearing Apparel)’ and 3.9% in ‘Wool, Silk and Man-made Fibre Textiles’.

4. As per Use-based classification, the Sectoral growth rates in March 2010 over March 2009 are 10.1% in Basic goods, 27.4% in Capital goods and 12.7% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 32.0% and 3.3% respectively, with the overall growth in Consumer goods being 10.6%.

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

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