February IIP grows at 0.6%
Growth in industry output, as
measured in terms of IIP, for the month of February 2013 is estimated at 0.6% as
compared with 4.3% during February 2012. The cumulative growth for the period
April-February 2012-13 stands at 0.9% as compared to 3.5% in the corresponding
period of the previous year.
The growth in the three sectors mining, manufacturing and
electricity in February 2013, stands at (-) 8.1%, 2.2% and (-) 3.2%
respectively as compared to 2.3%, 4.1% and 8% during February 2012
respectively. The cumulative growth for the period April- February 2012- 2013
in the three sectors mining, manufacturing and electricity over the
corresponding year stands at (-) 2.5%, 1% and 4% respectively.
Recent growth pattern in
IIP
(% growth)
|
Industry Group
|
Weight in IIP
|
Apr- Feb
|
Apr-Feb
|
February
|
February
|
|
2011-12
|
2012-13
|
2012
|
2013
|
||
|
Mining
|
14.2
|
-2.1
|
-2.5
|
2.3
|
-8.1
|
|
Manufacturing
|
75.5
|
3.7
|
1.0
|
4.1
|
2.2
|
|
Electricity
|
10.3
|
8.7
|
4.0
|
8.0
|
-3.2
|
|
Use based
classification
|
|||||
|
Basic goods
|
45.7
|
5.9
|
2.3
|
7.6
|
-1.8
|
|
Capital goods
|
8.8
|
-1.8
|
-7.6
|
10.5
|
9.5
|
|
Intermediate
goods
|
15.7
|
-0.7
|
1.5
|
1.0
|
-0.7
|
|
Consumer Goods
|
|||||
|
Consumer
goods
|
29.8
|
4.7
|
2.5
|
-0.4
|
0.5
|
|
a) Consumer
durables
|
8.5
|
2.7
|
2.7
|
-6.2
|
-2.7
|
|
b) Consumer
non-durables
|
21.3
|
6.4
|
2.3
|
4.4
|
2.9
|
|
Overall IIP
|
100
|
3.5
|
0.9
|
4.3
|
0.6
|
Source: PHD
Research Bureau, compiled from CSO
Basic goods have grown at (-) 1.8%
during February 2013 as compared to 7.6% during February 2012. The cumulative
growth during April - February 2012-13 stands at 2.3% as compared to 5.9% during
the corresponding period of last year. Consumer goods have grown at 0.5% during
February 2013 as compared to (-) 0.4% during February 2012. Consumer durables
have grown at (-) 2.7% during February 2013 as compared to (-) 6.2% during
corresponding period last year, while consumer non durables have grown at
2.9% during February 2013 as compared to 4.4% during February 2012.
The
cumulative growth of consumer goods during Apr-Feb 2012-13 stands at 2.5% as
against 4.7% during the corresponding period last year. Consumer durables have
shown a cumulative growth of 2.7% during Apr-Feb 2012-13 and also during
Apr-Feb 2011-12, while consumer non durables have shown a cumulative growth of
2.3% during Apr-Feb 2012-13 as compared to 6.4% during Apr-Feb 2011-12.
Some of the important
items showing high positive growth during the current month over the same month
in previous year include Cashew Kernels (83.4%), Apparels (16%), Leather
Garments (39.6%), Vitamins (121.2%), Heat Exchangers (61.5%), Conductor, Aluminium
(66%), Cable, Rubber Insulated (188.5%), Generator/ Alternator (47.9%) and Ship
Building & Repairs (105.4%).
Some of the other
important items showing high negative growth are Biscuits (-) 26.8%, Polythene
Bags including Hdpe & Ldpe Bags (-) 44.5%, Grinding wheels (-) 34.2%,
Stampings & Forgings (-) 24.4%, Razor Blades/ Safety Blades (-) 32.6%,
Fasteners (-) 27.6%, Tractors (complete) (-) 19.4%, Machine Tools (-) 51.9%,
Earth Moving Machinery (-) 20% and Commercial Vehicles (-) 23.6%.
Trend in IIP growth
(%)
Source:
PHD Research Bureau, compiled from CSO
Capital goods have grown at 9.5%
during February 2013 as compared to a growth of 10.5% in February 2012. The
cumulative growth of capital goods stands at (-) 7.6% during April- February
2012-13 as compared to (-) 1.8% during April- February 2011-12.
Trend in the growth of capital
goods
(%)
Source:
PHD Research Bureau, compiled from CSO
Warm regards,
Chief Economist
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