IIP at 3-year high in August; gems & jewellery, apparel contribute to growth
Updated: Oct 13, 2015 11:28:05am
New Delhi, Oct 13 (KNN) Showing signs of recovery and cause for some cheer, the Index of Industrial Production (IIP) rose to a three year high in August 2015 owing to robust manufacturing. While sectors such as gems and jewellery and apparel contributed to growth among others, steel and instant food mixes were among the slowest growing.
The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of August 2015 were released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation, as per official data released on Monday.
“The General Index for the month of August 2015 stands at 176.9, which is 6.4 per cent higher as compared to the level in the month of August 2014. The cumulative growth for the period April-August 2015-16 over the corresponding period of the previous year stands at 4.1 per cent,” it said.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2015 stand at 119.4, 185.3 and 194.4 respectively, with the corresponding growth rates of 3.8 per cent, 6.9 per cent and 5.6 per cent as compared to August 2014. The cumulative growth in the three sectors during April-August 2015-16 over the corresponding period of 2014-15 has been 1.2 per cent, 4.6 per cent and 3.2 per cent respectively.
In terms of industries, 15 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of August 2015 as compared to the corresponding month of the previous year. The industry group ‘Furniture; manufacturing’ has shown the highest positive growth of 90.8 per cent, followed by 40.8 per cent in ‘Electrical machinery and apparatus’ and 19.5 per cent in ‘Wearing apparel; dressing and dyeing of fur’.
On the other hand, the industry group ‘Tobacco products’ has shown the highest negative growth of (-) 9.5 per cent, followed by (-) 9.1 per cent in ‘Publishing, printing and reproduction of recorded media’ and (-) 9.0 per cent in ‘Radio, TV and communication equipment and apparatus’.
Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Gems and Jewellery’ (192.3 per cent), ‘Sugar Machinery’ (140.8 per cent), ‘H R Sheets’ (129.5 per cent), ‘Fruit Pulp’ (93.4 per cent), ‘Cable, Rubber Insulated’ (72.1 per cent), ‘Vitamins’ (37.6 per cent), ‘Aluminium wires and extrusions’ (28.9 per cent), ‘Conductor, Aluminium’ (25.6 per cent), ‘Carbon Steel’ (23.6 per cent), ‘Steel Structures’ (22.5 per cent) and ‘Liquefied Petroleum Gas’ (21.2 per cent).
Some of the other important items showing high negative growth are: ‘Instant Food Mixes (Ready to eat)’ [(-) 42.9 per cent], ‘Grinding Wheels’ [(-) 37.8 per cent], ‘CR Sheets’ [(-) 28.2 per cent], ‘Stainless/ alloy steel’ [(-) 27.0 per cent], ‘Furnace Oil’ [(-) 26.5 per cent], ‘Purified terephthalic acid’ [(-) 25.7 per cent], ‘Colour TV sets’ [(-) 22.9 per cent], ‘Aerated Waters and Soft Drinks’ [(-) 22.4 per cent] and ‘Air Conditioner (Room)’ [(-) 20.5 per cent].
IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy and Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum and Natural Gas; Office of Textile Commissioner; Department of Chemicals and Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils and Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. (KNN Bureau)
The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of August 2015 were released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation, as per official data released on Monday.
“The General Index for the month of August 2015 stands at 176.9, which is 6.4 per cent higher as compared to the level in the month of August 2014. The cumulative growth for the period April-August 2015-16 over the corresponding period of the previous year stands at 4.1 per cent,” it said.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2015 stand at 119.4, 185.3 and 194.4 respectively, with the corresponding growth rates of 3.8 per cent, 6.9 per cent and 5.6 per cent as compared to August 2014. The cumulative growth in the three sectors during April-August 2015-16 over the corresponding period of 2014-15 has been 1.2 per cent, 4.6 per cent and 3.2 per cent respectively.
In terms of industries, 15 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of August 2015 as compared to the corresponding month of the previous year. The industry group ‘Furniture; manufacturing’ has shown the highest positive growth of 90.8 per cent, followed by 40.8 per cent in ‘Electrical machinery and apparatus’ and 19.5 per cent in ‘Wearing apparel; dressing and dyeing of fur’.
On the other hand, the industry group ‘Tobacco products’ has shown the highest negative growth of (-) 9.5 per cent, followed by (-) 9.1 per cent in ‘Publishing, printing and reproduction of recorded media’ and (-) 9.0 per cent in ‘Radio, TV and communication equipment and apparatus’.
Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Gems and Jewellery’ (192.3 per cent), ‘Sugar Machinery’ (140.8 per cent), ‘H R Sheets’ (129.5 per cent), ‘Fruit Pulp’ (93.4 per cent), ‘Cable, Rubber Insulated’ (72.1 per cent), ‘Vitamins’ (37.6 per cent), ‘Aluminium wires and extrusions’ (28.9 per cent), ‘Conductor, Aluminium’ (25.6 per cent), ‘Carbon Steel’ (23.6 per cent), ‘Steel Structures’ (22.5 per cent) and ‘Liquefied Petroleum Gas’ (21.2 per cent).
Some of the other important items showing high negative growth are: ‘Instant Food Mixes (Ready to eat)’ [(-) 42.9 per cent], ‘Grinding Wheels’ [(-) 37.8 per cent], ‘CR Sheets’ [(-) 28.2 per cent], ‘Stainless/ alloy steel’ [(-) 27.0 per cent], ‘Furnace Oil’ [(-) 26.5 per cent], ‘Purified terephthalic acid’ [(-) 25.7 per cent], ‘Colour TV sets’ [(-) 22.9 per cent], ‘Aerated Waters and Soft Drinks’ [(-) 22.4 per cent] and ‘Air Conditioner (Room)’ [(-) 20.5 per cent].
IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy and Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum and Natural Gas; Office of Textile Commissioner; Department of Chemicals and Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils and Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. (KNN Bureau)
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