April 2013 IIP grows at 2%
Growth in industry output, as measured in terms of IIP, for the month of April 2013 is estimated at 2% as compared with 2.5% during March 2013. The cumulative growth for the period April-March 2012-13 stands at 1.1% as compared to 2.9% in the corresponding period of the previous year.
The growth in the three sectors mining, manufacturing and electricity in April 2013 stands at (-) 3%, 2.8% and 0.7% as compared to (-) 2.9%, 3.2% and 3.5% during March 2013 respectively. The cumulative growth for the period April- March 2012- 2013 in the three sectors mining, manufacturing and electricity over the corresponding year stands at (-) 2.4%, 1.2% and 4% respectively.
Recent growth pattern in IIP (% growth)
Industry Group
|
Weight in IIP
|
Apr- Mar
|
Apr-Mar
|
March
|
April
|
2011-12
|
2012-13
|
2013
|
2013
| ||
Mining
|
14.2
|
-1.9
|
-2.4
|
-2.9
|
-3
|
Manufacturing
|
75.5
|
3.0
|
1.2
|
3.2
|
2.8
|
Electricity
|
10.3
|
8.2
|
4.0
|
3.5
|
0.7
|
Use based classification
| |||||
Basic goods
|
45.7
|
5.5
|
2.4
|
2.6
|
1.3
|
Capital goods
|
8.8
|
-4.0
|
-6.1
|
6.9
|
1.0
|
Intermediate goods
|
15.7
|
-0.6
|
1.6
|
-0.2
|
2.4
|
Consumer Goods
| |||||
Consumer goods
|
29.8
|
4.4
|
2.4
|
1.6
|
2.8
|
a) Consumer durables
|
8.5
|
2.6
|
2.1
|
-4.5
|
-8.3
|
b) Consumer non-durables
|
21.3
|
5.9
|
2.7
|
6.5
|
12.3
|
Overall IIP
|
100
|
2.9
|
1.1
|
2.5
|
2
|
Source: PHD Research Bureau, compiled from CSO
Basic goods have grown at 1.3% during April 2013 as compared to 2.6% during March 2013. The cumulative growth during April - March 2012-13 stands at 2.4% as compared to 5.5% during the corresponding period of last year. Consumer goods have grown at 2.8% during April 2013 as compared to 1.6% during March 2013. Consumer durables have grown at (-) 8.3% during April 2013 as compared to (-) 4.5% during March 2013, while consumer non durables have grown at 12.3% during April 2013 as compared to 6.5% during March 2013.
The cumulative growth of consumer goods during Apr-March 2012-13 stands at 2.4% as against 4.4% during the corresponding period last year. Consumer durables have shown a cumulative growth of 2.1% during Apr-March 2012-13 as against 2.6% during Apr-March 2011-12, while consumer non durables have shown a cumulative growth of 2.7% during Apr-March 2012-13 as compared to 5.9% during Apr-March 2011-12.
Some of the important items showing high positive growth during the current month over the same month in previous year includes; Woollen Carpets (172.3%), Apparels (96.4%), Naphtha (25.1%), Vitamins (136.6%), PVC Pipes and Tubes (36.9%), Conductor, Aluminium (47.8%), Cable, Rubber Insulated (98.3%), Three-wheelers (including passenger and goods carrier (21.4%), Gems and Jewellery (24.5%) and Pens of all kind (36.8%).
Some of the other important items showing high negative growth are Cigarettes (-) 37.8%, Terry Towel (-) 21.8%, Di Ammonium Phosphate (DAP) (-) 44.7%, Grinding Wheels (-) 29.6%, Copper and Copper Products (-) 47.0%, Boilers (-) 47.3%, Heat Exchangers (-) 47.9%, Earth Moving Machinery (-) 32.8%, Sugar Machinery (-) 79.2%, Plastic Machinery Incl. Moulding Machinery (-) 39.4%, Computers (-) 41.7% and Telephone Instruments including Mobile Phones & Accessories (-) 30.9%.
Trend in IIP growth (%)
Source: PHD Research Bureau, compiled from CSO
Capital goods have grown at 1% during April 2013 as compared to 6.9% during March 2013. The cumulative growth of capital goods stands at (-) 6.1% during April- March 2012-13 as compared to (-) 4% during April- March 2011-12.
Trend in the growth of capital goods (%)
Source: PHD Research Bureau, compiled from CSO
Warm regards,
Dr. S P Sharma
Chief Economist
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