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Industrial production in negative for August 2016

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New Delhi [India]: The Index of Industrial Production (IIP) for the month of August this year is 0.7 percent lower as compared to the level in the same month in 2015.

The general index for August 2016 stands at 175.3. The cumulative growth for the period April-August 2016 over the corresponding period of the previous year stands at (-) 0.3 percent.

These quick IIP estimates were released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation on Monday.

The IIP was 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.

Indices of industrial production for the mining, manufacturing and electricity sectors for August 2016 stood at 113.5, 184.3 and 194.6 respectively, with the corresponding growth rates of (-) 5.6 percent, (-) 0.3 percent and 0.1 percent as compared to August 2015.

The cumulative growth in these three sectors during April-August 2016 over the corresponding period of 2015 has been 0.6 percent, (-) 1.2 percent and 5.7 percent respectively.

In terms of industries, seven out of twenty two industry groups in the manufacturing sector have shown negative growth during August 2016 as compared to August 2015.

The electrical machinery and apparatus group showed the highest negative growth of (-) 49.4 percent followed by (-) 22.4 percent in furniture; manufacturing, and (-) 6.6 percent in wearing apparel; dressing and dyeing of fur. On the other hand, ‘radio, TV and communication equipment & apparatus’ has shown the highest positive growth of 15.2 percent, followed by 14.6 percent in ‘Other transport equipment’ and 12.4 percent in ‘Basic metals’.

As per Use-based classification, the growth rates in August 2016 over August 2015 are 3.2 percent in Basic goods, (-) 22.2 percent in Capital goods and 3.6 percent in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 2.3 percent and 0.1 percent respectively, with the overall growth in Consumer goods being 1.1 percent.

Some important items showing high negative growth during the current month over the same month in previous year include ‘cable, rubber insulated’ [(-) 86.2%], ‘sugar machinery’ [(-) 65.5%], ‘woollen carpets’ [(-) 35.7%], ‘gems & jewellery’ [(-) 31.0%], ‘rice’ [(-) 25.3%] and ‘h r sheets’ [(-) 24.7%].

7. Some important items that have registered high positive growth include ‘fruit pulp’ (762.0%). ‘air conditioner (room)’ (59.1%), ‘instant food mixes (ready to eat)’ (46.5%), ‘ship building and repairs’ (41.1%), ‘h r coils/ skelp’ (39.5%), ‘scooter and mopeds’ (33.3%), ‘stainless/ alloy steel’ (31.8%), ‘c r sheets’ (29.7%), ‘purified terephthalic acid’ (29.2%) and ‘boilers’ (22.8%). (ANI)

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