All Members,
May 2013 IIP declines by 1.6%
June CPI inflation rises to 9.87% from
9.31% for the month of May 2013
Growth in industry
output, as measured in terms of IIP, for the month of May 2013 is estimated at
(-) 1.6% as compared with 2.3% during April 2013. The cumulative growth for the
period April-May 2013-14 stands at 0.1% as compared to 0.6% in the
corresponding period of the previous year.
The
growth in the three sectors mining, manufacturing and electricity in May 2013
stands at (-) 5.7%, (-) 2% and 6.2% as compared to (-) 3%, 2.8% and 4.2% during
April 2013 respectively. The cumulative growth for the period April- May 2013-
2014 in the three sectors mining, manufacturing and electricity over the
corresponding year stands at (-) 4.5%, 0.1% and 5.3% respectively.
Recent growth pattern in
IIP
(% growth)
Industry Group
|
Weight in IIP
|
Apr- May
|
Apr-May
|
April
|
May
|
2012-13
|
2013-14
|
2013
|
2013
|
||
Mining
|
14.2
|
(-) 1.7
|
(-) 4.5
|
-3
|
(-) 5.7
|
Manufacturing
|
75.5
|
0.4
|
0.1
|
2.8
|
(-) 2
|
Electricity
|
10.3
|
5.2
|
5.3
|
4.2
|
6.2
|
Use based classification
|
|||||
Basic goods
|
45.7
|
3.2
|
0.7
|
2.1
|
(-) 0.4
|
Capital goods
|
8.8
|
(-) 15.2
|
(-)1.5
|
1.0
|
(-) 2.7
|
Intermediate
goods
|
15.7
|
0.8
|
2.1
|
2.4
|
1.5
|
Consumer Goods
|
|||||
Consumer
goods
|
29.8
|
4
|
(-) 1
|
2.8
|
(-) 4
|
a) Consumer
durables
|
8.5
|
7.5
|
(-) 9.6
|
(-) 8.3
|
(-)10.4
|
b) Consumer
non-durables
|
21.3
|
1.1
|
6.7
|
12.3
|
1.7
|
Overall IIP
|
100
|
0.6
|
0.1
|
2.3
|
(-) 1.6
|
Source: PHD Research Bureau, compiled from CSO
Basic goods have grown
at (-) 0.4% during May 2013 as compared to 2.1% during April 2013. The
cumulative growth during April - May 2013-14 stands at 0.7% as compared to 3.2%
during the corresponding period of last year. Consumer goods have grown at (-)
4% during May 2013 as compared to 2.8% during April 2013. Consumer durables
have grown at (-) 10.4% during May 2013 as compared to (-) 8.3% during April
2013, while consumer non durables have grown at 1.7% during May 2013 as
compared to 12.3% during April 2013.
The cumulative growth
of consumer goods during Apr-May 2013-14 stands at (-) 1% as against 4% during
the corresponding period last year. Consumer durables have shown a cumulative
growth of (-)9.6% during Apr-May 2013-14 as against 7.5% during Apr-May
2012-13, while consumer non durables have shown a cumulative growth of 6.7%
during Apr-May 2013-14 as compared to 1.1% during Apr-May 2012-13.
Some of the important
items showing high negative growth during the current month over the same month
in previous year include Fruit Pulp (-) 51.1%, Sugar (including sugar cubes)(-)
37.8%, Cigarettes (-)35.7%, Polyester Chips (-) 26.6%, Copper and Copper
Products (-)67.3%, Boilers (-) 32.9%, Earth Moving Machinery (-) 30.3%, Sugar
Machinery (-) 70.2%, Plastic Machinery including Moulding Machinery (-) 48.0%,
Computers (-) 33% and Telephone Instruments including Mobile Phones &
Accessories (-) 28.6%.
Some of the other
important items showing high positive growth are Leather Garments (27.0%),
Fuel, Aviation Turbine (32.5%), Vitamins’ (75.7%), Antibiotics & its
preparations (33.2%), PVC Pipes and Tubes (31.0%), Tractors’ (31.3%),
Cable, Rubber Insulated (56.6%) and Gems and Jewellery (31.3%).
Trend in IIP
growth
(%)
Source: PHD Research Bureau, compiled from CSO
Capital goods have
grown at (-) 2.7% during May 2013 as compared to 1% during April 2013. The
cumulative growth of capital goods stands at (-) 1.5% during April- May 2013-14
as compared to (-) 15.2% during April- May 2012-13.
Trend in the growth of
capital
goods
(%)
Source: PHD Research Bureau, compiled from CSO
June CPI Inflation at 9.87%-- The all India
general CPI (Combined) for June 2013 stands at 9.87% as compared to 9.31% for
May 2013. The inflation rates for rural and urban areas for June 2013 are 9.63%
and 10.13% respectively as compared to 8.98% and 9.65% respectively for May
2013.
Warm regards,
Dr. S P Sharma
Chief Economist
________________________________________________
PHD Research Bureau
PHD Chamber of Commerce and Industry
August Kranti Marg, New
Delhi
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