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 February 2018 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 February 2018 stands at 127.7, which is 7.1 percent higher as compared to the level in the month of February 2017. The cumulative growth for the period April-February 2017-18 over the corresponding period of the previous year stands at 4.3 percent.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2018 stand at 110.2, 130.1 and 136.1 respectively, with the corresponding growth rates of (-) 0.3 percent, 8.7 percent and 4.5 percent as compared to February 2017 (Statement I). The cumulative growth in these three sectors during April-February 2017-18 over the corresponding period of 2016-17has been 2.3 percent, 4.6 percent and 5.2 percent respectively.

4.In terms of industries, fifteen out of the twenty three industry groups (asper 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of February 2018 as compared to the corresponding month of the previous year (Statement II).The industry group ‘Manufacture of other transport equipment’ has shown the highest positive growth of 32.0 percent followed by 26.9 percent in ‘Manufacture of machinery and equipment n.e.c.’ and 19.9 percent in ‘Manufacture of  motor vehicles, trailers and semi-trailers’. On the other hand, the industry group ‘Other manufacturing’ has shown the highest negative growth of (-) 27.3 percent followed by (-) 9.4 percent in ‘Printing and reproduction of recorded media’ and (-) 8.2 percent in ‘Manufacture of rubber and plastics products’.

5. As per Use-based classification, the growth rates in February 2018 over February 2017 are 3.7 percent in Primarygoods, 20.0 percent in Capital goods, 3.3 percent in Intermediate goods and 12.6 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 7.9 percent and 7.4 percent respectively.

6. Some important item groups showing high positive growth during the current month over the same month in previous year include ‘Separators including decanter centrifuge’ (214.4%), ‘Stainless steel utensils’ (158.3%), ‘Bodies of trucks, lorries and trailers’ (149.2%), ‘Ship building and parts thereof’ (107.8%), ‘Sugar’ (60.1%), ‘Bars and Rods of Alloy and Stainless Steel’ (58.1%), ‘Vaccine for veterinary Medicine’ (51.4%),‘Steroids and hormonal preparations (including anti-fungal preparations)’ (41.3%), ‘Axle’ (40.2%), ‘Commercial Vehicles’ (30.6%), ‘Two-wheelers (motorcycles/ scooters)’ (29.6%), ‘Industrial Valves of different types- safety, relief and control valves(non-electronic, non-electrical)’ (27.7%)  and ‘Cement- all types’ (23.8%).

7.Some important item groups that have registered high negative growth include ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 68.0%], ‘Jewellery of gold (studded with stones or not)’ [(-) 66.9%], ‘Material handling, lifting and hoisting equipment’ [(-) 46.6%], ‘Paper of all kinds excluding newsprint’ [(-) 34.5%], ‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 33.0%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 30.9%], ‘Medical/ surgical accessories’ [(-) 27.4%], ‘Telephones and mobile instruments’ [(-) 23.8%],‘Agarbatti’   [(-) 23.1%], ‘Anti-pyretic, analgesic/anti-inflammatory API & formulations’ [(-)23.1%], ‘Generators/ Alternators’ [(-) 22.6%] and‘Other tobacco products’  [(-) 22.3%].

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 February 2018, the indices for January 2018have undergone the firstrevisionand those for November 2017 have undergone the final revision in the light of the updated datareceivedfrom the source agencies.

10. Statements giving Quick Estimates of the Index of IndustrialProduction at Sectoral, 2-digit level of National Industrial Classification (NIC-2008)andby Use-based classification for the month of February 2018, along with the growthratesover 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 March 2018will be on Friday, 11May 2018.
3. Press release in Hindi follows and shall be available at:

http://mospi.nic.in/hi