The Quick Estimates of Index
of Industrial Production (IIP) with base
2004-05 for the month of May 2012 have been released 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 Textile Commissioner;
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 May 2012 stands at 170.2, which is 2.4% higher as compared to the level in the month of May 2011.
The cumulative
growth for
the period April-May
2012-13 stands at 0.8% 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 May
2012 stand at 129.7, 178.9 and 162.3
respectively, with the corresponding growth rates
of (-)0.9%, 2.5% and 5.9% as compared to May 2011
(Statement I). The cumulative growth in the three sectors during April-May 2012-13
over the corresponding period of 2011-12 has been (-) 2.0%, 0.6% and 5.2%
respectively.
4.
In terms of industries, twelve (12) out of the twenty two (22) industry groups (as
per
2-digit NIC-2004) in the manufacturing sector
have shown positive growth during the month
of May 2012 as compared to the corresponding month of the previous year (Statement II). The industry group
‘Radio, TV and Communication
Equipment
and Apparatus’ has
shown the highest
growth of 16.4%, followed by
13.7% in ‘Machinery and Equipment n.e.c.’ and 12.6%
in ‘Fabricated metal products, except machinery and equipment’. On the other hand, the industry group
‘Electric Machinery
and apparatus n.e.c.’ has shown a negative growth
of 28.6% followed by 14.9% in ‘Furniture; Manufacturing n.e.c.’
and 6.8% in ‘Wearing apparel;
dressing
and dyeing of
fur’.
5.
As per Use-based
classification, the growth
rates in May 2012 over May 2011 are 4.1% in Basic goods, (-) 7.7% in Capital
goods and 2.7% in Intermediate goods (Statement
III). The Consumer durables and Consumer
non-durables have recorded growth of 9.3% and 0.1% respectively, with the overall growth in Consumer
goods being 4.3%.
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’ (22.8%), ‘Air Conditioner (Room)’ (30.0%), ‘Carbon Steel’ (23.5%),
‘Plastic Machinery including Moulding Machinery’ (49.6%), ‘Conductor,
Aluminium’ (58.1%), ‘CR Sheets’ (30.1%), ‘Steel Structures’ (28.5%), ‘Boilers’
(28.8%), ‘Purified Terephthalic Acid’ (23.3%) and
‘Aerated Water & Soft Drinks’
(25.1%).
7. Some of the other important items showing high negative growth are:
‘Cable,
Rubber Insulated’ [(-) 66.6%], ‘Gems and Jewellery’ [(-) 23.4%], ‘Sugar’ [(-)
49.8%], ‘Vitamins’ [(-) 62.2%], ‘Furnace Oil’ [(-) 30.6%], ‘Colour TV Sets’
[(-) 25.9%], , ‘Colour TV Picture Tubes’ [(-) 87.6%], ‘Di Ammonium Phosphate
(DAP)’ [(-) 46.9%], ‘Edible Hydrogenated Oil’ [(-) 42.7%], ‘Complex Grade
Fertilizers’ [(-) 46.7%] and ‘Textile Machinery’ [(-) 30.5%].
8.
Along with the Q.E. of IIP for
the month of May
2012, the indices
for April 2012 have
undergone the first
revision and those for February 2012 have
undergone the final revision in
the light of
the updated data
received from the source agencies. It may be noted that these revised indices (first
revision) in respect
of April 2012 shall undergo final (second) revision along with the release of IIP for the month
of July 2012.
9.
Statements giving
Quick
Estimates of the Index
of Industrial
Production
at Sectoral, 2-digit level of National Industrial Classification (NIC-2004)
and by Use-based classification for the month of May 2012, 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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