Quick Estimates of Index Of Industrial Production and use-Based Index for the Month of March, 2013

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of March 2013 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 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 March 2013 stands at 192.3, which is 2.5% higher as compared to the level in the month of March 2012. The cumulative growth for the period April-March 2012-13 over the corresponding period of the previous year stands at 1.0%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2013 stand at 145.3, 205.0 and 164.2 respectively, with the corresponding growth rates of  (-) 2.9%, 3.2% and 3.5% as compared to March 2012 (Statement I). The cumulative growth in the three sectors during April-March 2012-13 over the corresponding period of 2011-12 has been (-) 2.5%, 1.2% and 4.0% respectively.

4. In terms of industries, ten (10) 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 March 2013 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Wearing apparel; dressing and dyeing of fur’ has shown the highest positive growth of 152.3%, followed by 64.6% in ‘Electrical machinery and apparatus n.e.c.’ and 37.7% in ‘Medical, precision & optical instruments, watches and clocks’. On the other hand, the industry group ‘Publishing, printing and reproduction of recorded media’ has shown a negative growth of 23.2% followed by 22.0% in ‘Office, accounting & computing machinery’ and 11.4% in both ‘Fabricated metal products, except machinery & equipment’ and ‘Other transport equipment’.

5. As per Use-based classification, the growth rates in March 2013 over March 2012 are 2.6% in Basic goods, 6.9% in Capital goods and (-) 0.2% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 4.5% and 6.5% respectively, with the overall growth in Consumer goods being 1.6%.

6. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Cigarettes’ (28.4%), ‘Woollen Carpets’ (83.1%), ‘Apparels’ (175.0%), ‘Leather Garments’ (49.9%), ‘Fuel, Aviation Turbine’ (33.1%), ‘Propylene’ (29.6%), ‘Ethylene’ (40.3%), ‘Air Conditioner (Room)’ (37.9%), ‘Conductor, Aluminium’ (45.0%) and ‘Cable, Rubber Insulated’ (247.3%).

                                                          

7. Some of the other important items showing high negative growth are: ‘Synthetic Yarn’ [(-) 24.8%], ‘Terry Towel’ [(-) 22.9%], ‘Razor Blades/ Safety Blades’ [(-) 29.4%], ‘Fasteners’  [(-) 27.2%], ‘Heat Exchangers’ [(-) 27.2%], ‘Sugar Machinery’ [(-) 64.6%], ‘Plastic Machinery Incl. Moulding Machinery’ [(-) 22.5%] and ‘Ship Building & Repairs’ [(-) 30.3%].

8. Along with the Q.E. of IIP for the month of March 2013, the indices for February 2013 have undergone the first revision and those for December 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 February 2013 shall undergo final (second) revision along with the release of IIP for the month of May 2013.

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 March 2013, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.