QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF DECEMBER, 2016

 

The General Index for the month of December 2016 stands at 183.5, which is 0.4 percent lower as compared to the level in the month of December 2015. The cumulative growth for the period April-December 2016 over the corresponding period of the previous year stands at 0.3 percent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2016 stand at 144.5, 189.3 and 194.7 respectively, with the corresponding growth rates of 5.2 percent, (-) 2.0 percent and 6.3 percent as compared to December 2015. The cumulative growth in these three sectors during April-December 2016 over the corresponding period of 2015 has been 0.9 percent, (-) 0.5 percent and 5.1 percent respectively.

In terms of industries, seventeen out of the twenty two industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown negative growth during the month of December 2016 as compared to the corresponding month of the previous year. The industry group ‘Office, accounting and computing machinery’ has shown the highest negative growth of (-) 23.9 percent followed by (-) 22.9 percent in ‘Other transport equipment’ and (-) 14.4 percent in ‘Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products’. On the other hand, the industry group ‘Basic metals’ has shown the highest positive growth of 11.1 percent followed by 9.8 percent in ‘Radio, TV and communication equipment & apparatus’ and 3.0 percent in ‘Coke, refined petroleum products and nuclear fuel’.

As per Use-based classification, the growth rates in December 2016 over December 2015 are 5.3 percent in Basic goods, (-) 3.0 percent in Capital goods and (-) 1.2 percent in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 10.3 percent and (-) 5.0 percent respectively, with the overall growth in Consumer goods being (-) 6.8 percent.

Some important items that have registered high negative growth include ‘Woollen Carpets’ [(-) 51.3%), ‘Three-Wheelers (including passenger and goods carrier)’ [(-) 43.3%], ‘Ayurvedic Medicaments’ [(-) 39.6%], ‘Molasses’ [(-) 37.9%], ‘Rice’ [(-) 32.8%], ‘Propylene’ [(-) 28.5%], ‘Scooter and Mopeds’ [(-) 26.3%], ‘Transformers (small)’ [(-) 26.1%], ‘Air Conditioner (Room)’ [(-) 25.7%], ‘Motor Cycles’ [(-) 24.6%], ‘Leather Garments’ [(-) 23.2%], ‘Conductor, Aluminium’ [(-) 21.1%] and ‘Pressure cooker’ [(-) 20.4%].

Some important items showing high positive growth during the current month over the same month in previous year include ‘Fruit Pulp’ (120.1%), ‘Electric sheets’ (99.9%), ‘Cable, Rubber Insulated’ (55.5%), ‘HR Coils/ Skelp’ (50.4%), ‘Vitamins’ (37.4%), ‘Aviation Turbine Fuel’ (32.7%), ‘Ship Building and Repairs’ (31.2%), ‘Sponge iron’ (28.9%), ‘Plates’ (22.3%) and ‘Tractors (complete)’ (21.4%).


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