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Index of Industrial Production increases 5.7 per cent in November 2016

Press Information Bureau:  January 13, 2017

New Delhi: The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of November 2016 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 15 source agencies viz. (i) Department of Industrial Policy & Promotion (DIPP); (ii) Indian Bureau of Mines; (iii) Central Electricity Authority; (iv) Joint Plant Committee, Ministry of Steel; (v) Ministry of Petroleum & Natural Gas; (vi) Office of Textile Commissioner; (vii) Department of Chemicals & Petrochemicals; (viii) Directorate of Sugar & Vegetable Oils; (ix) Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; (xiv) Office of Salt Commissioner; and (xv) Coffee Board.

2. The General Index for the month of November 2016 stands at 175.8, which is 5.7 percent higher as compared to the level in the month of November 2015. The cumulative growth for the period April-November 2016 over the corresponding period of the previous year stands at 0.4 percent.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2016 stand at 135.9, 181.2 and 191.2 respectively, with the corresponding growth rates of 3.9 percent, 5.5 percent and 8.9 percent as compared to November 2015 (Statement I). The cumulative growth in these three sectors during April-November 2016 over the corresponding period of 2015 has been 0.3 percent, (-) 0.3 percent and 5.0 percent respectively.

4. In terms of industries, sixteen out of the twenty two industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown positive growth during the month of November 2016 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest positive growth of 32.2 percent followed by 23.2 percent in ‘Electrical machinery & apparatus n.e.c.’ as well as in ‘Motor vehicles, trailers and semi-trailers’. On the other hand, ‘Furniture; manufacturing n.e.c.’ has shown the highest negative growth of (-) 16.5 percent followed by (-) 5.2 percent in ‘Office, accounting and computing machinery’ and (-) 3.2 percent in ‘Tobacco products’.

5. As per Use-based classification, the growth rates in November 2016 over November 2015 are 4.7 percent in Basic goods, 15.0 percent in Capital goods and 2.7 percent in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 9.8 percent and 2.9 percent respectively, with the overall growth in Consumer goods being 5.6 percent.

6. Some important items showing high positive growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’ (185.0%), ‘Tractors (complete)’ (95.0%), ‘Telephone instruments including mobile phone and accessories’ (42.8%), ‘Passenger cars’ (29.5%), ‘Aviation Turbine Fuel’ (28.3%), ‘Plastic Machinery including Moulding Machinery’ (24.1%) and ‘Sugar’ (21.2%).

7. Some important items that have registered high negative growth include ‘H R Sheets’ [(-) 49.7%), ‘Kerosene’ [(-) 35.7%], Molasses’ [(-) 26.2%], ‘Gems and Jewellery’ [(-) 25.4%], ‘Polypropylene (including co-polymer)’ [(-) 23.1%] and ‘Sugar Machinery’ [(-) 20.4%].

8. Taking into account the weights, the dominant item groups (five each) which have positively and negatively contributed to the overall growth of IIP are given below:

Item Group Weights (%) Contribution
High Positive Contributors
Electricity 10.32 0.9674
Passenger Cars 1.97 0.8235
Cable, Rubber Insulated 0.12 0.6452
Telephone Instruments Including Mobile Phone And Accessories 0.22 0.594
Mineral index 14.16 0.434
High Negative Contributors
Gems And Jewellery 1.77 -0.5269
H R Sheets 0.31 -0.1359
Packaging Machinery 0.06 -0.1152
Propylene 0.41 -0.0849
Leather Garments 0.75 -0.0848

 9. Along with the Quick Estimates of IIP for the month of November 2016, the indices for October 2016 have undergone the first revision and those for August 2016 have undergone the final revision in the light of the updated data received from the source agencies. It may be noted that these revised indices (first revision) in respect of October 2016 may undergo final (second) revision along with the release of IIP for the month of January 2017.

10. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of November 2016, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

Note: -

This Press release information is also available at the Website of the Ministry - http://www.mospi.nic.in
Release of the index for December 2016 will be on Friday, 10 February 2017.
Press release in Hindi follows and shall be available at:
http:// mospi.nic.in/hi

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL (Base : 2004-05=100) 

Month Mining Manufacturing Electricity General
-141.57 -755.27 -103.16 -1000
2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17
Apr 121.9 122.7 188.5 181.7 177.2 203 177.9 175.5
May 127.9 130.1 187.3 188.7 195 204.2 179.7 182
Jun 121.6 128 189.5 191.4 183.7 198.9 179.3 183.2
Jul 117.7 118.7 190.9 184.2 190.3 193.3 180.5 175.9
Aug 120.2 113.1 184.8 184.3 194.4 194.6 176.6 175.3
Sep 119.3 115.5 186.9 188.5 195.7 200.4 178.2 179.4
Oct 130.8 129.9 188.1 183.6 201.6 203.9 181.4 178.1
Nov* 130.8 135.9 171.7 181.2 175.6 191.2 166.3 175.8
Dec 137.3   193.1   183.2   184.2  
Jan 138.8   194.8   188.3   186.2  
Feb 136.1   193.9   181.9   184.5  
Mar 149.5   208.1   197.2   198.7  
Average                
                 
Apr-Nov 123.8 124.2 186 185.5 189.2 198.7 177.5 178.2
                 
Growth over the corresponding period of previous year         
                 
Nov 1.7 3.9 -4.6 5.5 0.7 8.9 -3.4 5.7
                 
Apr-Nov 2.1 0.3 3.9 -0.3 4.6 5 3.8 0.4
                 

 * Indices for Nov 2016 are Quick Estimates.

NOTE : Indices for the months of Aug'16 and Oct'16 incorporate updated production data.

STATEMENT II: INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

Industry Description Weight           Index            Cumulative Index   Percentage growth
code     Nov'15 Nov'16 Apr-Nov Nov'16 Apr-Nov
          2015-16 2016-17   2016-17
15 Food products and beverages 72.76 154.5 166.1 139.7 135 7.5 -3.4
16 Tobacco products 15.7 100.9 97.7 103.2 104.6 -3.2 1.4
17 Textiles 61.64 144.5 150.1 153.7 157.3 3.9 2.3
18 Wearing apparel; dressing and dyeing of fur 27.82 164.2 165.6 180.5 174 0.9 -3.6
19 Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products 5.82 128.1 129.4 147.1 136.4 1 -7.3
20 Wood and products of wood & cork except furniture; articles of straw & plating materials 10.51 130.5 145.5 152.9 149.8 11.5 -2
21 Paper and paper products 9.99 145.5 146.1 146.5 147.7 0.4 0.8
22 Publishing, printing & reproduction of recorded media 10.78 154.8 153.5 161 158 -0.8 -1.9
23 Coke, refined petroleum products & nuclear fuel 67.15 157.9 155.5 148.4 160.7 -1.5 8.3
24 Chemicals and chemical products 100.59 138.3 139.5 143.2 146.9 0.9 2.6
25 Rubber and plastics products 20.25 174.9 181.7 187.2 192.9 3.9 3
26 Other non-metallic mineral products 43.14 150.8 149.7 164.4 167.8 -0.7 2.1
27 Basic metals 113.35 213.8 224.1 223.7 236.6 4.8 5.8
28 Fabricated metal products, except machinery & equipment 30.85 168.1 176.9 175.3 176.3 5.2 0.6
29 Machinery and equipment n.e.c. 37.63 183.2 207.2 216.2 234.3 13.1 8.4
30 Office, accounting & computing machinery 3.05 63.2 59.9 60.8 56.5 -5.2 -7.1
31 Electrical machinery & apparatus n.e.c. 19.8 252 310.5 526.3 277.2 23.2 -47.3
32 Radio, TV and communication equipment & apparatus 9.89 299.3 395.6 355.8 401.2 32.2 12.8
33 Medical, precision & optical instruments, watches and clocks 5.67 96.2 100.4 96.5 95.8 4.4 -0.7
34 Motor vehicles, trailers & semi-trailers 40.64 219.6 270.5 236.5 254.4 23.2 7.6
35 Other transport equipment 18.25 248.9 254.6 267.7 287.3 2.3 7.3
36 Furniture; manufacturing n.e.c. 29.97 171.4 143.2 173.3 165.7 -16.5 -4.4
                 
10 Mining & Quarrying 141.57 130.8 135.9 123.8 124.2 3.9 0.3
15-36 Manufacturing 755.27 171.7 181.2 186 185.5 5.5 -0.3
40 Electricity 103.16 175.6 191.2 189.2 198.7 8.9 5
                 
  General Index 1000 166.3 175.8 177.5 178.2 5.7 0.4

 *Industry codes are as per National Industrial Classification 2004

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED (Base : 2004-05=100)

  Basic goods Capital goods Intermediate goods Consumer goods
              Total Durables Non-durables
Month -456.82 -88.25 -156.86 -298.08 -84.6 -213.47
  2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17 2015-16 2016-17
Apr 167.3 175.4 248 185.2 153.2 156.7 186.5 182.8 258.7 289.2 157.9 140.6
May 177.4 184.4 234.9 205.6 157.4 164 178.7 180.8 252.4 267.2 149.5 146.5
Jun 171.9 182.2 265.4 222.8 153.1 162.3 179 184.1 246.1 259.5 152.4 154.2
Jul 171.6 174.5 289.9 204.6 158.5 164.1 173.2 175.6 244.2 258.4 145.1 142.8
Aug 170 176 267.5 207.7 156.2 161.4 170.8 171.8 256 261.4 137 136.3
Sep 168 174.6 287.2 225.1 154 157.2 174.5 185 262 298.5 139.8 140
Oct 175 182.4 278.6 203.6 154.7 158.8 176.3 173.9 272.2 273.8 138.3 134.3
Nov* 167.3 175.1 190.6 219.2 149.2 153.2 166.8 176.1 226.1 248.3 143.3 147.5
Dec 175.8   219.5   161.4   198.6   242.5   181.2  
Jan 178.8   212.2   162.8   202.1   260.5   178.9  
Feb 173.5   231.1   159.2   200.8   277.2   170.5  
Mar 188.7   280.7   171.8   204   288.3   170.6  
Average                        
                         
Apr-Nov 171.1 178.1 257.8 209.2 154.5 159.7 175.7 178.8 252.2 269.5 145.4 142.8
                         
Growth over the corresponding period of previous year                 
                         
Nov -0.5 4.7 -24.4 15 -1.5 2.7 1 5.6 12.2 9.8 -4.8 2.9
                         
Apr-Nov 3.9 4.1 4.7 -18.9 2 3.4 4.1 1.8 11.8 6.9 -0.5 -1.8
                         

 * Indices for Nov 2016 are Quick Estimates.

NOTE : Indices for the months of Aug'16 and Oct'16 incorporate updated production data.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.