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Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of September, 2015 (Base 2004-05=100)




Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of September, 2015 (Base 2004-05=100)
EMBARGO ADVISORY
This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 PM today i.e. 12th November, 2015.


The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of September 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 September 2015 stands at 178.0, which is 3.6% higher as compared to the level in the month of September 2014. The cumulative growth for the period April-September 2015-16 over the corresponding period of the previous year stands at 4.0%.
3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2015 stand at 118.8, 186.7 and 195.7 respectively, with the corresponding growth rates of 3.0%, 2.6% and 11.4% as compared to September 2014 (Statement I). The cumulative growth in the three sectors during April-September 2015-16 over the corresponding period of 2014-15 has been 1.5%, 4.2% and 4.5% respectively.
4. In terms of industries, eleven (11) out of the twenty two (22) industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown positive growth during the month of September 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 69.9%, followed by 21.6% in ‘Electrical machinery & apparatus n.e.c.’ and 9.8% in ‘Chemicals and chemical products’. On the other hand, the industry group ‘Publishing, printing & reproduction of recorded media’ has shown the highest negative growth of      (-) 13.3%, followed by (-) 12.8% in ‘Wearing apparel; dressing and dyeing of fur’ and (-) 12.8% in ‘Medical, precision & optical instruments, watches and clocks’.
5. As per Use-based classification, the growth rates in September 2015 over September 2014 are 4.0% in Basic goods, 10.5% in Capital goods and 2.1% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 8.4% and (-) 4.6% respectively, with the overall growth in Consumer goods being 0.6%.
6. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Gems and Jewellery’ (155.6%), ‘Single Super Phosphate (SSP)’ (86.5%), ‘Sugar Machinery’ (84.3%), ‘H R Sheets’ (46.1%), ‘Polypropylene (incl. co-polymer)’ (44.8%), ‘Cable, Rubber Insulated’ (37.4%), ‘Generator/ Alternator’ (36.7%), ‘Propylene’ (35.6%), ‘Ethylene’ (33.7%), ‘Aluminium wires & extrusions’ (25.0%), ‘Antibiotics & its Preparations’ (23.4%) and ‘Cigarettes’ (22.4%).
7. Some of the other important items showing high negative growth are: ‘Polythene Bags including HDPE & LDPE Bags’ [(-) 62.9%], ‘Woollen Carpets’ [(-) 58.5%], ‘Instant Food Mixes (Ready to eat)’ [(-) 47.0%], ‘Heat Exchangers’ [(-) 38.7%], ‘Ship Building & Repairs’ [(-) 29.7%], ‘Leather Garments’ [(-) 29.3%],  ‘Furnace Oil’ [(-) 26.5%] and ‘Tractors (complete)’ [(-) 23.4%].
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
1.4359
Electricity
10.32
1.2069
Cable, Rubber Insulated
0.12
0.9765
Commercial Vehicles
1.93
0.4391
Antibiotics & It's Preparations
2.38
0.2900
High Negative Contributors
Stainless/ alloy steel
0.64
-0.2440
Leather Garments
0.75
-0.2407
Telephone Instruments Including Mobile Phone And Accessories
0.22
-0.2090
Tractors (complete)                                
0.38
-0.1655
Instant Food Mixes (Ready to eat)
0.13
-0.1511

9. Along with the Quick Estimates of IIP for the month of September 2015, the indices for August 2015 have undergone the first revision and those for June 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 August 2015 shall undergo final (second) revision along with the release of IIP for the month of November 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 September 2015, 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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Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and combined for the Month of October 2015 

This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 12th  November 2015.


                                                                                     
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.
2.         In this press note, the CPI (Rural, Urban, Combined) on Base 2012=100 is being released for the month of October 2015. In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for October 2015. Inflation rates (on point to point basis i.e. October, 2015 over October 2014), based on General Indices and CFPIs are given as follows:

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