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Quick Estimates of Index of Industrial Production and use-based Index for The Month of February, 2017

Quick Estimates of Index of Industrial Production and use-based Index for The Month of February, 2017(Base 2004-05=100) 

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of February 2017 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 15 source agencies viz. (i) Department of Industrial Policy & Promotion (DIPP); (ii) Indian Bureau of Mines; (iii) Central Electricity Authority; (iv) Joint Plant Committee, Ministry of Steel; (v) Ministry of Petroleum & Natural Gas; (vi) Office of Textile Commissioner; (vii) Department of Chemicals & Petrochemicals; (viii) Directorate of Sugar & Vegetable Oils; (ix) Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; (xiv) Office of Salt Commissioner; and (xv) Coffee Board.

  1. The General Index for the month of February 2017 stands at 182.3, which is 1.2 percent lower as compared to the level in the month of February 2016. The cumulative growth for the period April-February 2016-17 over the corresponding period of the previous year stands at 0.4 percent.
  2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2017 stand at 140.6, 190.1 and 182.5 respectively, with the corresponding growth rates of 3.3 percent, (-) 2.0 percent and 0.3 percent as compared to February 2016 (Statement I). The cumulative growth in these three sectors during April-February 2016-17 over the corresponding period of 2015-16 has been 1.6 percent, (-) 0.3 percent and 4.6 percent respectively.
  3. In terms of industries, fifteen out of the twenty two industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown negative growth during the month of February 2017 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Tobacco products’ has shown the highest negative growth of (-) 42.8 percent followed by (-) 21.7 percent in ‘Food products and beverages’ and (-) 20.6 percent in ‘Office, accounting and computing machinery’. On the other hand, the industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highest positive growth of 17.4 percent followed by 10.7 percent in ‘Wearing apparel; dressing and dyeing of fur’ and 9.9 percent in ‘Basic metals’.
  4. As per Use-based classification, the growth rates in February 2017 over February 2016 are 2.4 percent in Basic goods, (-) 3.4 percent in Capital goods and (-) 0.2 percent in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 0.9 percent and (-) 8.6 percent respectively, with the overall growth in Consumer goods being (-) 5.6 percent.
  5. Some important items that have registered high negative growth include ‘Woollen carpets’ [(-) 66.4%], ‘Plastic machinery including Moulding Machinery’ [(-) 52.2%], ‘Ship Building and Repairs’ [(-) 49.7%], ‘Sugar Machinery’ [(-) 47.8%], ‘Sugar’ [(-) 41.6%], ‘Molasses’ [(-) 39.0%], ‘Cigarettes’ [(-) 37.7%],  ‘Aluminium Conductor’ [(-) 29.3%], ‘Three-Wheelers (including passenger and goods carrier)’ [(-) 24.5%] and ‘Leather garments’ [(-) 22.0%].
  6. Some important items showing high positive growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’ (241.2%), ‘Cement Machinery’ (116.5%), ‘Electric Sheets’ (90.1%), ‘HR Coils/ Skelp’ (29.1%), ‘Antibiotics and it’s preparations’ (25.6%), ‘Biaxially Oriented Polypropylene (BOPP) Film’ (25.5%) and ‘Stainless/ alloy steel’ (24.2%).
  7. Taking into account the weights, the dominant item groups (five each) which have positively and negatively contributed to the overall growth of IIP are given below:
Item Group Weights (%) Contribution
High Negative Contributors
sugar(including sugar cubes) 1.52 -1.6703
Cement All Kinds 2.41 -0.5048
Plastic Machinery Incl. Moulding Machinery 0.26 -0.3404
Pan Masala 0.09 -0.2831
Conductor, Aluminium 0.20 -0.2375
High Positive Contributors
Cable, Rubber Insulated 0.12 0.7321
H R Coils/Skelp 1.30 0.5036
Apparels 2.03 0.3921
Mineral index 14.16 0.3454
Stainless/ alloy steel 0.64 0.3199
  1. Along with the Quick Estimates of IIP for the month of February 2017, the indices for January 2017 have undergone the first revision and those for November 2016 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 January 2017 may undergo final (second) revision along with the release of IIP for the month of April 2017.
  2. 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 February 2017, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.
 STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base : 2004-05=100)
Month Mining Manufacturing Electricity General
(141.57) (755.27) (103.16) (1000.00)
2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17
Apr 121.9 122.7 188.5 181.7 177.2 203.0 177.9 175.5
May 127.9 130.1 187.3 188.7 195.0 204.2 179.7 182.0
Jun 121.6 128.0 189.5 191.4 183.7 198.9 179.3 183.2
Jul 117.7 118.7 190.9 184.2 190.3 193.3 180.5 175.9
Aug 120.2 113.1 184.8 184.3 194.4 194.6 176.6 175.3
Sep 119.3 115.2 186.9 188.7 195.7 200.4 178.2 179.5
Oct 130.8 129.6 188.1 183.5 201.6 203.9 181.4 178.0
Nov 130.8 136.0 171.7 180.9 175.6 191.2 166.3 175.6
Dec 137.3 144.8 193.1 189.9 183.2 194.7 184.2 184.0
Jan 138.8 146.1 194.8 200.5 188.3 195.6 186.2 192.3
Feb* 136.1 140.6 193.9 190.1 181.9 182.5 184.5 182.3
Mar 149.5   208.1   197.2   198.7  
Average            
         
Apr-Feb 127.5 129.5 188.1 187.6 187.9 196.6 179.5 180.3
             
Growth over the corresponding period of previous year         
         
Feb 5.0 3.3 0.6 -2.0 9.6 0.3 1.9 -1.2
         
Apr-Feb 2.4 1.6 2.3 -0.3 5.1 4.6 2.6 0.4
                 
* Indices for Feb 2017 are Quick Estimates.
NOTE : Indices for the months of Nov’16 and Jan’17 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     Feb’16 Feb’17 Apr-Feb Feb’17 Apr-Feb
          2015-16 2016-17   2016-17
15 Food products and beverages 72.76 214.8 168.1 162.6 151.3 -21.7 -6.9
16 Tobacco products 15.70 141.3 80.8 109.9 104.8 -42.8 -4.6
17 Textiles 61.64 158.8 152.3 156.1 157.2 -4.1 0.7
18 Wearing apparel; dressing and dyeing of fur 27.82 187.1 207.2 188.3 185.6 10.7 -1.4
19 Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products 5.82 139.6 131.7 145.5 132.8 -5.7 -8.7
20 Wood and products of wood & cork except furniture; articles of straw & plating materials 10.51 163.2 144.6 154.8 147.7 -11.4 -4.6
21 Paper and paper products 9.99 143.9 141.3 146.5 146.2 -1.8 -0.2
22 Publishing, printing & reproduction of recorded media 10.78 154.1 153.7 160.2 157.9 -0.3 -1.4
23 Coke, refined petroleum products & nuclear fuel 67.15 155.5 154.1 151.5 160.8 -0.9 6.1
24 Chemicals and chemical products 100.59 138.3 146.4 143.0 146.8 5.9 2.7
25 Rubber and plastics products 20.25 192.6 195.7 188.5 191.0 1.6 1.3
26 Other non-metallic mineral products 43.14 179.1 155.5 168.3 165.4 -13.2 -1.7
27 Basic metals 113.35 215.5 236.8 222.6 238.7 9.9 7.2
28 Fabricated metal products, except machinery & equipment 30.85 192.6 185.1 178.9 178.1 -3.9 -0.4
29 Machinery and equipment n.e.c. 37.63 276.3 260.8 223.5 234.5 -5.6 4.9
30 Office, accounting & computing machinery 3.05 71.8 57.0 64.9 57.2 -20.6 -11.9
31 Electrical machinery & apparatus n.e.c. 19.80 277.8 326.1 461.6 296.4 17.4 -35.8
32 Radio, TV and communication equipment & apparatus 9.89 352.7 376.1 350.2 394.9 6.6 12.8
33 Medical, precision & optical instruments, watches and clocks 5.67 131.0 105.0 101.3 98.3 -19.8 -3.0
34 Motor vehicles, trailers & semi-trailers 40.64 264.2 271.7 240.1 254.1 2.8 5.8
35 Other transport equipment 18.25 279.0 245.2 266.9 269.8 -12.1 1.1
36 Furniture; manufacturing n.e.c. 29.97 181.5 165.7 174.0 166.7 -8.7 -4.2
               
10 Mining & Quarrying 141.57 136.1 140.6 127.5 129.5 3.3 1.6
15-36 Manufacturing 755.27 193.9 190.1 188.1 187.6 -2.0 -0.3
40 Electricity 103.16 181.9 182.5 187.9 196.6 0.3 4.6
               
  General Index 1000 184.5 182.3 179.5 180.3 -1.2 0.4
*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
              Total Durables Non-durables
Month (456.82) (88.25) (156.86) (298.08) (84.60) (213.47)
  2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17
Apr 167.3 175.4 248.0 185.2 153.2 156.7 186.5 182.8 258.7 289.2 157.9 140.6
May 177.4 184.4 234.9 205.6 157.4 164.0 178.7 180.8 252.4 267.2 149.5 146.5
Jun 171.9 182.2 265.4 222.8 153.1 162.3 179.0 184.1 246.1 259.5 152.4 154.2
Jul 171.6 174.5 289.9 204.6 158.5 164.1 173.2 175.6 244.2 258.4 145.1 142.8
Aug 170.0 176.0 267.5 207.7 156.2 161.4 170.8 171.8 256.0 261.4 137.0 136.3
Sep 168.0 174.7 287.2 225.2 154.0 157.4 174.5 185.1 262.0 298.4 139.8 140.2
Oct 175.0 182.4 278.6 203.3 154.7 158.7 176.3 173.8 272.2 273.8 138.3 134.2
Nov 167.3 175.3 190.6 217.9 149.2 152.8 166.8 175.5 226.1 247.3 143.3 147.0
Dec 175.8 185.5 219.5 211.0 161.4 159.3 198.6 186.7 242.5 220.9 181.2 173.2
Jan 178.8 188.2 212.2 235.4 162.8 159.6 202.1 203.2 260.5 278.0 178.9 173.5
Feb* 173.5 177.7 231.1 223.2 159.2 158.9 200.8 189.5 277.2 274.7 170.5 155.8
Mar 188.7   280.7   171.8   204.0   288.3   170.6  
Average                        
                         
Apr-Feb 172.4 179.7 247.7 212.9 156.3 159.6 182.5 182.6 254.4 266.3 154.0 149.5
                         
Growth over the corresponding period of previous year                 
                         
Feb 5.4 2.4 -9.3 -3.4 4.9 -0.2 0.6 -5.6 10.4 -0.9 -4.9 -8.6
                         
Apr-Feb 3.5 4.2 -1.4 -14.0 2.3 2.1 3.2 0.1 11.5 4.7 -1.5 -2.9
                         
* Indices for Feb 2017 are Quick Estimates.
NOTE : Indices for the months of Nov’16 and Jan’17 incorporate updated production data.

 

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