Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of November, 2011 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of November 2011 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index for the month of November 2011 stands at 167.4, which is 5.9% higher as compared to the level in the month of November 2010. The cumulative growth for the period April-November 2011-12 stands at 3.8% over the corresponding period of the previous year.

2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2011 stand at 127.6, 177.8 and 145.6 respectively, with the corresponding growth rates of (-) 4.4%, 6.6% and 14.6% as compared to November 2010 (Statement I). The cumulative growth in the three sectors during April-November, 2011-12 over the corresponding period of 2010-11 has been (-)2.5%, 4.1% and 9.5% respectively, which moved the overall growth in the General Index to 3.8%.

3. In terms of industries, seventeen (17) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of November 2011 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Publishing, printing & reproduction of recorded media’ has shown the highest growth of 69.1%, followed by 41.8% in ‘Medical, precision & optical instruments, watches and clocks’ and 29.3% in ‘Food products and beverages’. On the other hand, the industry group ‘Electrical machinery & apparatus n.e.c.’ has shown a negative growth of 38.7% followed by 8.6% in ‘Furniture; manufacturing n.e.c.’ and 6.4% in ‘Office, accounting & computer machinery’.

4. As per Use-based classification, the growth rates in November 2011 over November 2010 are 6.3% in Basic goods, (-) 4.6% in Capital goods and 0.2% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 11.2% and 14.8% respectively, with the overall growth in Consumer goods being 13.1%.

5. Some of the important items of consumer goods showing high positive growth during the current month and thus contributing to the growth of the overall index for the month include ‘Woollen carpets’ (110.6%), ‘Cashew Karnels’ (97.3%), ‘Newspapers’ (70.9%), ‘Marble Tiles/Slabs’ (65.3%), ‘PVC Pipes & Tubes’ (49.9%), ‘Sugar’ (41.8%), ‘Rice’ (38.4%), ‘Scooter and Mopeds’ (37.6%), ‘Polythene bags including Hdpe & Ldpe Bags’ (34.7%) and ‘Leather garments’ (33.5%). However, some important items of the consumer goods are also showing negative growth. These are: ‘Coirs, Mats & Mattings’ [(-) 37.5%], ‘Antibiotics and It’s Preparations’ [(-) 19.7%] and ‘Gems & Jewellery’ [(-) 17.0%].

6. The other important items showing negative growth during the month are: ‘Cement Machinery’ [(-)72.1%], ‘Cable, Rubber Insulated’ [(-)65.5%], ‘Colour TV Picture Tubes’ [(- ) 64.0%] , ‘UPS/Inverter/Converter’ [(-)61.4%], ‘Particle Boards’ [(-)30.3%] and ‘Cotton Yarn’ [(-)18.7%].

7. Along with the Q.E. of IIP for the month of November 2011, the indices for October 2011 have undergone the first revision and those for August 2011 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 October 2011 shall undergo final (second) revision in IIP for the month of January 2012)

8. 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 November 2011, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

PIB.