Dear All,
Aug 2013 IIP grows at 0.6%
Growth in industry output, as measured in terms of IIP, for the month of Aug 2013 is estimated at 0.6% as compared with 2.7% during July 2013. The cumulative growth for the period April-Aug 2013-14 stands at 0.1% as compared to 0.2% in the corresponding period of the previous year.
The growth in the three sectors mining, manufacturing and electricity in Aug 2013 stands at (-) 0.2%, (-) 0.1% and 7.2% as compared to (-) 2.5%, 3.2% and 5.2% during July 2013 respectively. The cumulative growth for the period April-Aug 2013- 2014 in the three sectors mining, manufacturing and electricity over the corresponding year stands at (-) 3.4%, (-) 0.1% and 4.5% respectively.
Recent growth pattern in IIP (% growth)
Industry Group
|
Weight in IIP
|
Apr- Aug
|
Apr-Aug
|
July
|
Aug
|
2012-13
|
2013-14
|
2013
|
2013
| ||
Mining
|
14.2
|
(-) 1.8
|
(-) 3.4
|
(-) 2.5
|
(-) 0.2
|
Manufacturing
|
75.5
|
0.0
|
(-) 0.1
|
3.2
|
(-) 0.1
|
Electricity
|
10.3
|
4.8
|
4.5
|
5.2
|
7.2
|
Use based classification
| |||||
Basic goods
|
45.7
|
2.7
|
0.5
|
1.5
|
1.5
|
Capital goods
|
8.8
|
(-) 14.4
|
0.8
|
15.5
|
(-) 2.0
|
Intermediate goods
|
15.7
|
1.0
|
2.3
|
3.1
|
3.6
|
Consumer Goods
| |||||
Consumer goods
|
29.8
|
3.2
|
(-) 1.6
|
(-) 0.5
|
(-) 0.8
|
a) Consumer durables
|
8.5
|
5.1
|
(-) 11.0
|
(-) 8.9
|
(-) 7.6
|
b) Consumer non-durables
|
21.3
|
1.6
|
6.6
|
6.9
|
5.0
|
Overall IIP
|
100
|
0.2
|
0.1
|
2.7
|
0.6
|
Source: PHD Research Bureau, compiled from CSO
Basic goods stands at 1.5% during Aug 2013 and July 2013. The cumulative growth during April - Aug 2013-14 stands at 0.5% as compared to 2.7% during the corresponding period of last year. Consumer goods have grown at (-) 0.8% during Aug 2013 as compared to (-) 0.5% during Jul 2013. Consumer durables have grown at (-) 7.6% during Aug 2013 as compared to (-) 8.9% during July 2013, while consumer non durables have grown at 5% during Aug 2013 as compared to 6.9% during July 2013.
The cumulative growth of consumer goods during Apr-Aug 2013-14 stands at (-) 1.6% as against 3.2% during the corresponding period last year. Consumer durables have shown a cumulative growth of (-) 11% during Apr-Aug 2013-14 as against 5.1% during the corresponding period last year, while consumer non durables have shown a cumulative growth of 6.6% during Apr-Aug 2013-14 as compared to 1.6% during the corresponding period last year.
Some of the important items showing high positive growth during the current month over the same month in previous year include Woollen Carpets (67.7%), Apparels (25.1%), Leather Garments (26.6%), Aviation Turbine Fuel (46.2%), Vitamins (75.0%), Ayurvedic Medicaments (80.6%), Steel Structures (25.4%), Tractors (32.2%), Cable, Rubber Insulated (284.5%) and Passenger Cars (31.5%).
Some of the other important items showing high negative growth are: Rice (-) 38.0%, Stainless/alloy steel (-) 25.8%, Boilers (-) 35.7%, ‘Sealed Compressors (-) 50.4%, Air Conditioner (Room) (-) 52.3%, Heat Exchangers (-) 51.7%, Earth Moving Machinery (-) 45.8%, Sugar Machinery (-) 36.7%, Plastic Machinery Incl. Moulding Machinery (-) 33.7%, Cement Machinery (-) 48.0%, Aluminium Conductor (-) 31.7%, Generator/ Alternator (-) 72.7%, Telephone Instruments (incl. Mobile Phones & Accessories) [(-) 23.9%] and Gems and Jewellery (-) 36.1%.
Trend in IIP growth (%)
Source: PHD Research Bureau, compiled from CSO
Capital goods have grown at (-) 2% during Aug 2013 as compared to 15.5% during July 2013. The cumulative growth of capital goods stands at 0.8% during April-Aug 2013-14 as compared to (-) 14.4% during April- Aug 2012-13.
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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