IIP grows 3.6 percent in September
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2015 stand at 118.8, 186.7 and 195.7 respectively, with the corresponding growth rates of 3.0%, 2.6% and 11.4% as compared to September 2014 (Statement I).
The cumulative growth in the three sectors during April-September 2015-16 over the corresponding period of 2014-15 has been 1.5%, 4.2% and 4.5% respectively.
In terms of industries, eleven (11) out of the twenty two (22) industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown positive growth during the month of September 2015 as compared to the corresponding month of the previous year (St atement II).
The industry group ‘Furniture; manufacturing n.e.c.’ has shown the highest positive growth of 69.9%, followed by 21.6% in ‘Electrical machinery & apparatus n.e.c.’ and 9.8% in ‘Chemicals and chemical products’. On the other hand, the industry group ‘Publishing, printing & reproduction of recorded media’ has shown the highest negative growth of (-) 13.3%, followed by (-) 12.8% in ‘Wearing apparel; dressing and dyeing of fur’ and (-) 12.8% in ‘Medical, precision & optical instruments, watches and clocks’.
As per Use-based classification, the growth rates in September 2015 over September 2014 are 4.0% in Basic goods, 10.5% in Capital goods and 2.1% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 8.4% and (-) 4.6% respectively, with the overall growth in Consumer goods being 0.6%.
Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Gems and Jewellery’ (155.6%), ‘Single Super Phosphate (SSP)’ (86.5%), ‘Sugar Machinery’ (84.3%), ‘H R Sheets’ (46.1%), ‘Polypropylene (incl. co-polymer)’ (44.8%), ‘Cable, Rubber Insulated’ (37.4%), ‘Generator/ Alternator’ (36.7%), ‘Propylene’ (35.6%), ‘Ethylene’ (33.7%), ‘Aluminium wires & extrusions’ (25.0%), ‘Antibiotics & its Preparations’ (23.4%) and ‘Cigarettes’ (22.4%).
Some of the other important items showing high negative growth are: ‘Polythene Bags including HDPE & LDPE Bags’ [(-) 62.9%], ‘Woollen Carpets’ [(-) 58.5%], ‘Instant Food Mixes (Ready to eat)’ [(-) 47.0%], ‘Heat Exchangers’ [(-) 38.7%], ‘Ship Building & Repairs’ [(-) 29.7%], ‘Leather Garments’ [(-) 29.3%], ‘Furnace Oil’ [(-) 26.5%] and ‘Tractors (complete)’ [(-) 23.4%].
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