August 2014 IIP grows at 0.4%

Surbhi Sharma(PHD Chamber)

To

Surbhi Sharma(PHD Chamber)

Oct 10 at 6:16 PM

Dear All,  

August 2014 IIP grows at 0.4%

Growth in industry output, as measured in terms of IIP, for the month of August 2014 and July 2014 is estimated at 0.4% The cumulative growth for the period Apr-Aug 2014-15 stands at 2.8% as compared to 0.0% in the corresponding period of the previous year. The growth in the three sectors mining, manufacturing and electricity in Aug 2014 stands at 2.6%, (-) 1.4% and 12.9% respectively as compared to 1.2%, (-)1.0% and 11.7% respectively in July 2014.

    Recent growth pattern in IIP                                                                           (% growth)

Industry Group	Weight in IIP	Apr-Aug 2013-14	Apr-Aug 2014-15	Aug 2014	July 2014
Mining	14.2	-3.6	2.5	2.6	1.2
Manufacturing	75.5	-0.1	1.8	-1.4	-1.0
Electricity	10.3	4.5	11.7	12.9	11.7
Use based classification
Basic goods	45.7	0.3	8.6	9.6	7.4
Capital goods	8.8	0.7	4.3	-11.3	-3.8
Intermediate goods	15.7	2.4	2.4	0.3	2.9
Consumer Goods
Consumer goods	29.8	-1.6	-4.9	-6.9	-7.7
a) Consumer durables	8.5	-11.2	-12.9	-15.0	-20.8
b) Consumer non-durables	21.3	6.8	0.9	-0.9	2.3
Overall IIP	100	0.0	2.8	0.4	0.4

   Source: PHD Research Bureau, compiled from CSO

The growth in Basic goods stands at 9.6% during Aug 2014 as compared to 7.4% in July 2014. The cumulative growth during April –Aug 2014-15 stands at 8.6% as compared to 0.3% during the corresponding period of last year. Consumer goods have grown at (-) 6.9% during Aug 2014 as against (-) 7.7% during July 2014. Consumer durables have grown at (-) 15% during Aug 2014 as compared to (-) 20.8% during July 2014, while consumer non durables have grown at (-) 0.9% during Aug 2014 as compared to 2.3% during July 2014.

The cumulative growth of consumer goods during Apr-Aug 2014-15 stands at (-) 4.9% as against (-) 1.6% during the corresponding period last year. Consumer durables have shown a cumulative growth of (-) 12.9% during Apr- Aug 2014-15 as against (-) 11.2% during the corresponding period last year, while consumer non durables have shown a cumulative growth of 0.9% during Apr- Aug 2014-15 as compared to 6.8% 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 ‘Stainless/ alloy steel’ (160.8%), ‘Sealed compressors’ (121.1%), ‘Air Conditioner (Room)’ (80.1%), ‘Plastic Machinery Incl. Moulding Machinery’ (59.4%), ‘Rice’ (56.7%), ‘Scooter and Mopeds’ (32.1%), ‘Three-Wheelers (including passenger & goods carrier)’ (31.3%) and ‘Fasteners (Excl. Zip-Fasteners)’ (25.1%).

Some of the other important items showing high negative growth are: ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 57.2%], ‘Generator/ Alternator’ [(-) 51.3%], ‘Computers’ [(-) 49.5%], ‘Marble Tiles/ Slabs’ [(-) 44.0%], ‘Polythene Bags Incl. HDPE & LDPE Bags’ [(-) 42.3%], ‘Aluminium Conductor’ [(-) 37.2%], ‘Sugar Machinery’ [(-) 33.6%], ‘Boilers’ [(-) 32.0%], ‘Sugar’ [(-) 30.8%], ‘Antibiotics & Its Preparations’ [(-) 23.8%], ‘Cable, Rubber Insulated’ [(-) 23.7%], ‘Steel Structures’ [(-) 22.6%] and ‘Fuel, Aviation Turbine’ [(-) 21.8%].

  Trend in IIP growth                                                                                                              (%)

 

  Source: PHD Research Bureau, compiled from CSO

Capital goods have grown at (-) 11.3% during Aug 2014 as compared to (-) 3.8% during July 2014. The cumulative growth of capital goods stands at 4.3% during Apr- Aug 2014-15 as compared to 0.7% during Apr- Aug 2013-14.

Trend in the growth of capital goods                                                                                      (%)

  Source: PHD Research Bureau, compiled from CSO

Warm regards,

Dr. S P Sharma

Chief Economist