Quick Estimates of Index of Industrial Production and Use-Based …

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of June 2017 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 14 source agencies viz. (i) Department of Industrial Policy & Promotion (DIPP); (ii) Indian Bureau of Mines; (iii) Central Electricity Authority; (iv) Joint Plant Committee, Ministry of Steel; (v) Ministry of Petroleum & Natural gas; (vi) Office of textile Commissioner; (vii) Department of Chemicals & Petrochemicals; (viii) Directorate of Sugar & Vegetable oils; (ix)
Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; and (xiv) Coffee Board.

2. The General Index for the month of June
2017 stands at 119.6, which is 0.1 percent lower as compared to the level in
the month of June 2016. The cumulative growth for the period April-June 2017
over the corresponding period of the previous year stands at 2.0 percent.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2017 stand at 98.8, 120.6 and 147.4 respectively, with the corresponding growth rates of 0.4 percent,   (-)0.4 percent and 2.1 percent as compared to June
2016 (Statement I). The cumulative growth in these three sectors during April-June
2017 over the corresponding period of 2016 has been 1.2 percent, 1.8 percent
and 5.3 percent respectively.

4. In terms of industries, fifteen out of the twenty three industry groups ( as per 2-digit NIC-2008) in the manufacturing sector h ave shown negative growth during the month of June 2017 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Manufacture of electrical equipment’ has
shown the highest negative growth of (-) 20.1 percent followed by (-) 11.1
percent in ‘Manufacture of fabricated metal products, except machinery and
equipment’ and (-) 10.5 percent in ‘Printing and reproduction of recorded
media’. On the other hand, the industry group ‘Other manufacturing’ has shown
the highest positive growth of 28.1 percent followed by 19.2 percent in ‘Manufacture
of Pharmaceuticals, medicinal chemical and botanical products’ and 11.7 percent
in ‘Manufacture of furniture’.

5. As per Use-based classification, the growth rates in June 2017 over June 2016 are (-) 0.2 percent in Primary goods, (-) 6.8 percent in Capital goods,        (-) 0.6 percent in Intermediate goods and 0.6 percent in Infrastructure/ Construction Goods (Statement III).  The
Consumer durables and Consumer non-durables have recorded growth of (-) 2.1 percent
and 4.9 percent respectively.

6. Some important items that have registered high negative growth include ‘Water purification apparatus’ [(-) 68.4%], ‘Shelled cashew kernel, whether or
not processed/ roasted/ salted’ [(-) 63.6%], ‘Electrical apparatus for
switching or protecting electrical circuits (e.g switchgear, circuit
breakers/switches, control/ meter panel)’ [(-) 48.6%], ‘Plastic jars, bottles
and containers’              [(-) 48.1%], ‘Kerosene’ [(-) 39.0%], ‘Printing
machinery’ [(-) 35.6%], ‘Tooth Paste’ [(-) 33.0%], ‘Air filters’ [(-) 28.9%], ‘Vaccine
for veterinary Medicine’ [(-) 28.8%] and ‘Cement Clinkers’ [(-) 22.2%].

7. Some important items showing high positive growth during the
current month over the same month in previous year include ‘Digestive enzymes
and antacids (incl. PPI drugs)’ (67.8%), ‘Construction machine/ equipment
(incl. bull-dozers and road rollers)’ (36.8%), ‘Jewellery of gold (studded with
stones or not)’ (34.7%), ‘Cut & Polished Diamonds’ (31.1%), ‘Axle’
(29.5%),’ Meters (electric and non-electric)’ (28.9%), ‘Pipes, tubes &
casing of steel/iron’ (24.9%) and  ‘Aluminium Billets/ingots’ (22.6%).

8. Taking into
account the weights, the dominant item groups (five each) which have positively
and negatively contributed to the overall growth of IIP are given below:

9. Along with the
Quick Estimates of IIP for the month of June 2017, the indices for May 2017 have undergone the first revision and those for March 2017 have undergone the final revision in the light of the updated data received from the source agencies.

10. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification for the month of June 2017, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

Note: –

1.  
This Press release information is also available at the Website of the Ministry – http://www.mospi.nic.in

2.  
Release of the index for July 2017 will be on Tuesday, 12 September 2017.

3.  
Press release in Hindi follows and shall be
available at:

http:// mospi.nic.in/hi

4.   Revisions in the month of March 2017 as per IIP with base 2004-05
have also been undertaken and are available at the Website of the Ministry – http://www.mospi.nic.in.

5.  
The indices (Base: 2011-12 = 100) for the month
of April 2012 and onwards have been updated based on final figures of WPI. The
revised indices are available at the Website of the Ministry – http://www.mospi.nic.in.