OREANDA-NEWS. August 13, 2015. The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of June 2015 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 June 2015 stands at 178.5, which is 3.8% higher as compared to the level in the month of June 2014. The cumulative growth for the period April-June 2015-16 over the corresponding period of the previous year stands at 3.2%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2015 stand at 121.7, 188.4 and 184.0 respectively, with the corresponding growth rates of (-) 0.3%, 4.6% and 1.3% as compared to June 2014 (Statement I). The cumulative growth in the three sectors during April-June 2015-16 over the corresponding period of 2014-15 has been 0.7%, 3.6% and 2.3% respectively.

4. In terms of industries, sixteen (16) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sec tor have shown positive growth during the month of June 2015 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Furniture; manufacturing n.e.c.’ has shown the highest positive growth of 83.7%, followed by 27.6% in ‘Wearing apparel; dressing and dyeing of fur’ and 21.0% in ‘Wood and products of wood & cork except furniture; articles of straw & plating material’. On the other hand, the industry group ‘Publishing, printing & reproduction of recorded media’ has shown the highest negative growth of         (-) 11.4%, followed by (-) 10.0% in ‘Electrical machinery & apparatus n.e.c.’ and (-) 8.7% in ‘Radio, TV and communication equipment & apparatus’.

5. As per Use-based classification, the growth rates in June 2015 over June 2014 are 5.1% in Basic goods, (-) 3.6% in Capital goods and 0.8% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 16.0% and 1.3% respectively, with the overall growth in Consumer goods being 6.6%.

6. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘H R Sheets’ (191.3%), ‘Gems and Jewellery’ (156.8%), ‘Conductor, Aluminium’ (111.6%), ‘Woollen Carpets’ (97.1%), ‘Wood furniture’ (63.5%), ‘Transformers (small)’ (52.4%), ‘Plastic machinery including moulding machinery’ (40.1%), ‘Stainless/ alloy steel’ (37.9%), ‘Pens of all kind’ (34.5%), ‘Apparels’ (29.0%), ‘Block Board’ (24.9%), ‘Carbon Steel’ (23.8%) and ‘Leather Garments’ (22.1%).

7. Some of the other important items showing high negative growth are: ‘Air & Gas Compressors’ [(-) 51.3%], ‘Instant Food Mixes (Ready to eat)’ [(-) 42.7%], ‘Grinding Wheels’ [(-) 35.5%], ‘Linear Alkyl Benzene’ [(-) 35.1%], ‘Cable, Rubber Insulated’ [(-) 28.0%], ‘Aerated Waters and Soft Drinks’ [(-) 26.0%], ‘Tractors (complete)’ [(-) 23.4%] and ‘Furnace Oil’ [(-) 22.5%].

8. However, growth rates in respect of individual items may not reflect their actual contribution in the overall growth rate of IIP. Taking into account the weights of different items, the overall growth rate of IIP can be decomposed into positive and negative contributions of different items. Such contributions of top five items with positive contribution and top five items with negative contribution are given below:

Item Group

Weights (%)

Contribution

High Positive Contributors

Gems And Jewellery

1.77

1.1856

Stainless/ alloy steel

0.64

0.6293

Apparels

2.03

0.5645

Conductor, Aluminium

0.20

0.4633

Carbon steel

0.78

0.3073

High Negative Contributors

Cable, Rubber Insulated

0.12

-1.3274

Castor oil

0.04

-0.1842

Tractors (complete)                               

0.38

-0.1574

Cotton Seed Oil

0.08

-0.1425

Instant Food Mixes (Ready to eat)

0.13

-0.1354

 

9. Along with the Quick Estimates of IIP for the month of June 2015, the indices for May 2015 have undergone the first revision and those for March 2015 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 May 2015 shall undergo final (second) revision along with the release of IIP for the month of August 2015.

10. 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 June 2015, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

 

Note: -

  1. Release of the index for July 2015 will be on Friday, 11 September 2015.
  2. Press release in Hindi follows and shall be available at http://mospi.nic.in/Mospi_New/site/Home_H.aspx

 

 


STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base : 2004-05=100)

Month

Mining

Manufacturing

Electricity

General

(141.57)

(755.27)

(103.16)

(1000.00)

2014-2015

2015-2016

2014-2015

2015-2016

2014-2015

2015-2016

2014-2015

2015-2016

Apr

122.6

122.8

181.4

189.1

178.1

177.2

172.7

178.5

May

125.3

128.2

183.5

187.2

183.9

195.0

175.3

179.7

Jun*

122.1

121.7

180.1

188.4

181.6

184.0

172.0

178.5

Jul

116.2

 

182.2

 

183.8

 

173.0

 

Aug

115.0

 

173.4

 

184.1

 

166.2

 

Sep

115.3

 

181.9

 

175.6

 

171.8

 

Oct

124.2

 

170.0

 

184.9

 

165.1

 

Nov

128.6

 

179.9

 

174.3

 

172.1

 

Dec

133.6

 

196.8

 

177.6

 

185.9

 

Jan

136.7

 

200.7

 

176.7

 

189.2

 

Feb

129.6

 

192.7

 

166.0

 

181.0

 

Mar

149.0

 

210.3

 

176.4

 

198.1

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Jun

123.3

124.2

181.7

188.2

181.2

185.4

173.3

178.9

 

 

 

 

 

 

Growth over the corresponding period of previous year 

 

 

 

 

 

 

 

 

 

 

Jun*

4.8

-0.3

2.9

4.6

15.7

1.3

4.3

3.8

 

 

 

 

 

 

Apr-Jun

2.9

0.7

3.9

3.6

11.3

2.3

4.5

3.2

 

 

 

 

 

 

 

 

 

* Indices for June 2015 are Quick Estimates.

NOTE : Indices for the months of Mar'15 and May'15 incorporate updated production data.

 

 

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

(Base: 2004-05=100)

Industry

Description

Weight

         Index       

    Cumulative Index

  Percentage growth

code

 

 

Jun'14

Jun'15

Apr-Jun

Jun'15

Apr-Jun

 

 

 

 

 

2014-15

2015-16

 

2015-16

15

Food products and beverages

72.76

156.3

143.4

162.5

156.4

-8.3

-3.8

16

Tobacco products

15.70

106.0

115.2

108.8

100.4

8.7

-7.7

17

Textiles

61.64

150.9

152.6

151.7

153.9

1.1

1.5

18

Wearing apparel; dressing and dyeing of fur

27.82

152.6

194.7

169.7

199.0

27.6

17.3

19

Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products

5.82

145.9

152.6

148.4

153.6

4.6

3.5

20

Wood and products of wood & cork except furniture; articles of straw & plating materials

10.51

133.5

161.5

140.6

158.0

21.0

12.4

21

Paper and paper products

9.99

137.1

144.8

139.8

144.9

5.6

3.6

22

Publishing, printing & reproduction of recorded media

10.78

175.2

155.2

173.8

165.2

-11.4

-4.9

23

Coke, refined petroleum products & nuclear fuel

67.15

138.6

150.7

137.9

145.8

8.7

5.7

24

Chemicals and chemical products

100.59

140.7

143.3

136.2

142.1

1.8

4.3

25

Rubber and plastics products

20.25

191.8

192.0

190.4

194.9

0.1

2.4

26

Other non-metallic mineral products

43.14

170.3

169.4

175.2

169.6

-0.5

-3.2

27

Basic metals

113.35

209.2

232.0

211.1

230.5

10.9

9.2

28

Fabricated metal products, except machinery & equipment

30.85

175.2

176.4

169.1

168.6

0.7

-0.3

29

Machinery and equipment n.e.c.

37.63

216.5

224.9

231.7

242.4

3.9

4.6

30

Office, accounting & computing machinery

3.05

65.3

76.3

66.3

57.7

16.8

-13.0

31

Electrical machinery & apparatus n.e.c.

19.80

604.0

543.5

515.1

520.9

-10.0

1.1

32

Radio, TV and communication equipment & apparatus

9.89

346.1

316.1

397.5

305.0

-8.7

-23.3

33

Medical, precision & optical instruments, watches and clocks

5.67

107.0

98.1

98.3

91.3

-8.3

-7.1

34

Motor vehicles, trailers & semi-trailers

40.64

204.8

222.4

214.7

228.7

8.6

6.5

35

Other transport equipment

18.25

248.5

250.7

247.7

252.1

0.9

1.8

36

Furniture; manufacturing n.e.c.

29.97

96.4

177.1

120.4

156.1

83.7

29.7

 

 

 

 

 

 

 

 

10

Mining & Quarrying

141.57

122.1

121.7

123.3

124.2

-0.3

0.7

15-36

Manufacturing

755.27

180.1

188.4

181.7

188.2

4.6

3.6

40

Electricity

103.16

181.6

184.0

181.2

185.4

1.3

2.3

 

 

 

 

 

 

 

 

 

General Index

1000

172.0

178.5

173.3

178.9

3.8

3.2

*Industry codes are as per National Industrial Classification 2004

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED

(Base : 2004-05=100)

 

Basic goods

Capital goods

Intermediate goods

Consumer goods

Consumer durables

Consumer non-durables

Month

(456.82)

(88.25)

(156.86)

(298.08)

(84.60)

(213.47)

 

2014-2015

2015-2016

2014-2015

2015-2016

2014-2015

2015-2016

2014-2015

2015-2016

2014-2015

2015-2016

2014-2015

2015-2016

Apr

163.0

167.5

235.0

251.0

149.7

153.5

181.5

187.0

255.4

258.6

152.2

158.6

May

167.1

177.5

228.0

233.0

155.5

157.5

182.7

178.8

262.7

252.4

151.0

149.7

Jun*

163.5

171.9

270.7

260.9

151.2

152.4

166.9

177.9

211.9

245.8

149.0

151.0

Jul

162.8

 

263.2

 

155.4

 

171.3

 

220.9

 

151.7

 

Aug

164.0

 

220.6

 

151.9

 

161.1

 

218.8

 

138.3

 

Sep

161.3

 

260.9

 

151.3

 

172.4

 

241.5

 

145.0

 

Oct

167.9

 

239.2

 

145.5

 

149.0

 

191.8

 

132.0

 

Nov

168.2

 

252.1

 

151.4

 

165.1

 

201.6

 

150.6

 

Dec

174.6

 

269.7

 

159.0

 

192.4

 

208.0

 

186.2

 

Jan

175.4

 

270.5

 

158.3

 

202.3

 

246.6

 

184.8

 

Feb

164.6

 

254.9

 

151.8

 

199.6

 

251.2

 

179.2

 

Mar

180.8

 

331.5

 

164.8

 

202.7

 

261.9

 

179.3

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Jun

164.5

172.3

244.6

248.3

152.1

154.5

177.0

181.2

243.3

252.3

150.7

153.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Growth over the corresponding period of previous year 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jun*

10.2

5.1

23.3

-3.6

2.6

0.8

-8.8

6.6

-23.3

16.0

1.9

1.3

 

 

 

 

 

 

 

Apr-Jun

8.7

4.7

13.7

1.5

3.0

1.6

-3.2

2.4

-9.5

3.7

1.3

1.6

 

 

 

 

 

 

 

 

 

 

 

 

 

* Indices for June 2015 are Quick Estimates.

NOTE : Indices for the months of Mar'15 and May'15 incorporate updated production data.