IIP rises 0.6% in August 2013 driven by electricity generation

IIP up 0.1% in April-August 2013 against 0.2% growth in April-August 2012

Index of industrial production (IIP) rose 0.6% in August 2013, showing moderation in growth from 2.8% growth recorded in July 2013. The entire growth in IIP was mainly driven by 7.2% surge in electricity generation in august 2013. The mining output continued to witness decline in output, while the manufacturing sector output also recorded fall in August 2013.

The industrial production growth for the month of July 2013 has been revised upwards to 2.8% from 2.6% reported earlier, while the growth for the month of May 2013 has been scaled up to (-) 2.5% from 2.8% reported at first revision and provisional level of (-) 1.6%.

In terms of industries, fourteen (14) out of the twenty two (22) industry groups in the manufacturing sector have shown positive growth during the month of August 2013 as compared to the corresponding month of the previous year. The industry group 'Electrical machinery & apparatus' has shown the highest positive growth of 26.0%, followed by 25.5% in 'Wearing apparel; dressing and dyeing of fur' and 19.7% in 'Tobacco products'. On the other hand, the industry group 'Radio, TV and communication equipment & apparatus' has shown a negative growth of 21.7% followed by 21.6% in 'Furniture; manufacturing n.e.c.' and 15.5% in 'Machinery and equipment'.

As per Use-based classification, the growth rates in August 2013 over August 2012 are 1.5% in Basic goods, (-) 2.0% in Capital goods and 3.6% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 7.6% and 5.0% respectively, with the overall growth in Consumer goods being (-) 0.8%.

Some of the important items showing high positive growth during the current month over the same month in previous year include 'Woollen Carpets' (67.7%), 'Apparels' (25.1%), 'Leather Garments' (26.6%), 'Aviation Turbine Fuel' (46.2%), 'Vitamins' (75.0%), 'Ayurvedic Medicaments' (80.6%), 'Steel Structures' (25.4%), 'Tractors' (32.2%), 'Cable, Rubber Insulated' (284.5%) and 'Passenger Cars' (31.5%).

Some of the other important items showing high negative growth are: 'Rice' [(-) 38.0%], 'Stainless/ Alloy Steel' [(-) 25.8%], 'Boilers' [(-) 35.7%], 'Sealed Compressors' [(-) 50.4%], 'Air Conditioner (Room)' [(-) 52.3%], 'Heat Exchangers' [(-) 51.7%], 'Earth Moving Machinery' [(-) 45.8%], 'Sugar Machinery' [(-) 36.7%], 'Plastic Machinery Incl. Moulding Machinery' [(-) 33.7%], 'Cement Machinery' [(-) 48.0%], 'Aluminium Conductor' [(-) 31.7%], 'Generator/ Alternator' [(-) 72.7%], 'Telephone Instruments (incl. Mobile Phones & Accessories)' [(-) 23.9%] and 'Gems and Jewellery' [(-) 36.1%].

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