IIP Marks Growth Of 4.5% In February

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2020 stands at 133.3, which is 4.5 percent higher as compared to the level in the month of February 2019. The cumulative growth for the period April-February 2019-20 over the corresponding period of the previous year stands at 0.9 percent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2020 stand at 123.7, 133.5 and 149.1 respectively, with the corresponding growth rates of 10.0 percent, 3.2 percent and 8.1 percent as compared to February 2019 (Statement I). The cumulative growth in these three sectors during April-February 2019-20 over the corresponding period of 2018-19 has been 1.9 percent, 0.6 percent and 1.5 percent respectively.

In terms of industries, thirteen out of the twenty three industry groups (as per 2-digit level of National Industrial Classification-2008) in the manufacturing sector have shown positive growth during the month of February 2020 as compared to the corresponding month of the previous year. The industry group 'Manufacture of basic metals' has shown the highest positive growth of 18.2 percent followed by 8.0 percent in 'Manufacture of chemicals and chemical products' and in 'Manufacture of other non-metallic mineral products'. On the other hand, the industry group 'Manufacture of motor vehicles, trailers and semi-trailers' has shown the highest negative growth of (-) 15.6 percent followed by (-) 14.8 percent in 'Manufacture of computer, electronic and optical products' and (-) 9.9 percent in 'Manufacture of fabricated metal products, except machinery and equipment'.

As per Use-based classification, the growth rates in February 2020 over February 2019 are 7.4 percent in Primary goods, (-) 9.7 percent in Capital goods, 22.4 percent in Intermediate goods and 0.1 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 6.4 percent and 0.0 percent respectively.

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