IIP up 0.4% in April-September 2013 against 0.1% growth in April-September 2012
Index of industrial production (IIP) rose 2.0% in September 2013, showing increase in growth from 0.4% growth recorded in August 2013. The entire growth in IIP was mainly driven by 12.9% surge in electricity generation in September 2013. The mining output also witness rise in output, while the manufacturing sector output showed a marginal rise in September 2013.The industrial production growth for the month of August 2013 has been revised downwards to 0.4% from 0.6% reported earlier, while the growth for the month of June 2013 has undergone final revision, registering growth of (-1.8%).
The Indices of Industrial Production for the mining, manufacturing and electricity sectors for the month of September 2013 recorded growth of 3.3%, 0.6% and 12.9%, respectively as compared to September 2012. The cumulative growth in the three sectors during April-September 2013-14 over the corresponding period of 2012-13 has been (-) 2.5%, 0.1% and 5.9% respectively.
In terms of industries, thirteen (13) out of the twenty two (22) industry groups in the manufacturing sector have shown positive growth during the month of September 2013 as compared to the corresponding month of the previous year (Statement II). The industry group 'Wearing apparel; dressing and dyeing of fur' has shown the highest positive growth of 29.2%, followed by 14.9% in 'Coke, refined petroleum products & nuclear fuel' and 11.3% in 'Chemicals and chemical products'. On the other hand, the industry group 'Radio, TV and communication equipment & apparatus' has shown a negative growth of (-) 25.6% followed by (-) 13.0% in 'Motor vehicles, trailers & semi-trailers' and (-) 11.5% in 'Office, accounting & computing machinery'.
As per Use-based classification, the growth rates in September 2013 over September 2012 are 5.4% in Basic goods, (-) 6.8% in Capital goods and 4.1% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 10.8% and 11.3% respectively, with the overall growth in Consumer goods being 0.6%.
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Some of the important items showing high positive growth during the current month over the same month in previous year include 'Vitamins' (86.6%), 'Cable, Rubber Insulated' (68.0%), 'Ayurvedic Medicaments' (60.1%), 'Petroleum Coke' (41.9%), 'Rice' (40.4%), 'Apparels' (35.5%), 'Cigarettes' (27.7%), 'Tractors' (27.5%), 'Copper and Copper Products' (26.5%), 'Hot Rolled Steel Coils/ Skelp' (23.4%), 'Cashew Kernels' (22.7%), 'Antibiotics & its preparations' (21.8%) and 'Petrol (Motor Spirit)' (21.0%).
Some of the other important items showing high negative growth are: 'Hot Rolled Steel Sheets' [(-) 58.1%], 'Sugar Machinery' [(-) 38.9%], 'Sugar (including sugar cubes)' [(-) 33.7%], 'Colour T.V. Sets' [(-) 30.7%], 'Cylinders' [(-) 30.3%], 'Polyester Chips' [(-) 28.8%], 'Heat Exchangers' [(-) 28.7%], 'Commercial Vehicles' [(-) 28.5%], 'Earth Moving Machinery' [(-) 28.2%], 'Telephone Instruments (incl. Mobile Phones & Accessories)' [(-) 26.6%] and 'Aluminium Conductor' [(-) 24.5%].
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