The Newspapers Editor's Society

Saturday, October 12, 2013

Dear All,

Aug 2013 IIP grows at 0.6%

Growth in industry output, as measured in terms of IIP, for the month of Aug 2013 is estimated at 0.6% as compared with 2.7% during July 2013. The cumulative growth for the period April-Aug 2013-14 stands at 0.1% as compared to 0.2% in the corresponding period of the previous year.

The growth in the three sectors mining, manufacturing and electricity in Aug 2013 stands at (-) 0.2%, (-) 0.1% and 7.2% as compared to (-) 2.5%, 3.2% and 5.2% during July 2013 respectively. The cumulative growth for the period April-Aug 2013- 2014 in the three sectors mining, manufacturing and electricity over the corresponding year stands at (-) 3.4%, (-) 0.1% and 4.5% respectively.

Recent growth pattern in IIP (% growth)

Industry Group	Weight in IIP	Apr- Aug	Apr-Aug	July	Aug
Industry Group	Weight in IIP	2012-13	2013-14	2013	2013
Mining	14.2	(-) 1.8	(-) 3.4	(-) 2.5	(-) 0.2
Manufacturing	75.5	0.0	(-) 0.1	3.2	(-) 0.1
Electricity	10.3	4.8	4.5	5.2	7.2
Use based classification
Basic goods	45.7	2.7	0.5	1.5	1.5
Capital goods	8.8	(-) 14.4	0.8	15.5	(-) 2.0
Intermediate goods	15.7	1.0	2.3	3.1	3.6
Consumer Goods
Consumer goods	29.8	3.2	(-) 1.6	(-) 0.5	(-) 0.8
a) Consumer durables	8.5	5.1	(-) 11.0	(-) 8.9	(-) 7.6
b) Consumer non-durables	21.3	1.6	6.6	6.9	5.0
Overall IIP	100	0.2	0.1	2.7	0.6

Source: PHD Research Bureau, compiled from CSO

Basic goods stands at 1.5% during Aug 2013 and July 2013. The cumulative growth during April - Aug 2013-14 stands at 0.5% as compared to 2.7% during the corresponding period of last year. Consumer goods have grown at (-) 0.8% during Aug 2013 as compared to (-) 0.5% during Jul 2013. Consumer durables have grown at (-) 7.6% during Aug 2013 as compared to (-) 8.9% during July 2013, while consumer non durables have grown at 5% during Aug 2013 as compared to 6.9% during July 2013.

The cumulative growth of consumer goods during Apr-Aug 2013-14 stands at (-) 1.6% as against 3.2% during the corresponding period last year. Consumer durables have shown a cumulative growth of (-) 11% during Apr-Aug 2013-14 as against 5.1% during the corresponding period last year, while consumer non durables have shown a cumulative growth of 6.6% during Apr-Aug 2013-14 as compared to 1.6% during the corresponding period last year.

Some of the important items showing high positive growth during the current month over the same month in previous year include Woollen Carpets (67.7%), Apparels (25.1%), Leather Garments (26.6%), Aviation Turbine Fuel (46.2%), Vitamins (75.0%), Ayurvedic Medicaments (80.6%), Steel Structures (25.4%), Tractors (32.2%), Cable, Rubber Insulated (284.5%) and Passenger Cars (31.5%).

Some of the other important items showing high negative growth are: Rice (-) 38.0%, Stainless/alloy steel (-) 25.8%, Boilers (-) 35.7%, ‘Sealed Compressors (-) 50.4%, Air Conditioner (Room) (-) 52.3%, Heat Exchangers (-) 51.7%, Earth Moving Machinery (-) 45.8%, Sugar Machinery (-) 36.7%, Plastic Machinery Incl. Moulding Machinery (-) 33.7%, Cement Machinery (-) 48.0%, Aluminium Conductor (-) 31.7%, Generator/ Alternator (-) 72.7%, Telephone Instruments (incl. Mobile Phones & Accessories) [(-) 23.9%] and Gems and Jewellery (-) 36.1%.

Trend in IIP growth (%)

Source: PHD Research Bureau, compiled from CSO

Capital goods have grown at (-) 2% during Aug 2013 as compared to 15.5% during July 2013. The cumulative growth of capital goods stands at 0.8% during April-Aug 2013-14 as compared to (-) 14.4% during April- Aug 2012-13.

Trend in the growth of capital goods (%)