Tax Management India. Com
        A knowledge portal that keeps us updated ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
News
Home News News and Press Release Month 2 2018 2018 (2) This
← Previous Next →
 

Quick estimates of Index of Industrial Production and Use-Based Index for the month of December, 2017 (base 2011-12=100)

February 13, 2018
  • Contents

The Quick Estimates of Index of Industrial Production (IIP) with base2011-12 for the month of December 2017 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 14 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; and (xiv) Coffee Board.

2. The General Index for the month of December 2017 stands at 130.3, which is 7.1 percent higher as compared to the level in the month of December 2016. The cumulative growth for the period April-December 2017 over the corresponding period of the previous year stands at 3.7 percent.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2017standat115.5, 131.6 and 143.9 respectively, with the corresponding growth rates of 1.2 percent, 8.4 percent and 4.4 percent as compared to December 2016 (Statement I). The cumulative growth in these three sectors during April-December 2017 over the corresponding period of 2016 has been 2.8 percent, 3.8 percent and 5.1 percent respectively.

4.Interms of industries, sixteen out of the twenty three industry groups (asper 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of December 2017 as compared to the corresponding month of the previous year (Statement II).The industry group ‘Manufacture of other transport equipment’ has shown the highest positive growth of 38.3 percent followed by 33.6 percent in ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ and 29.8 percent in ‘Manufacture of computer, electronic and optical products’. On the other hand, the industry group ‘Manufacture of tobacco products’ has shown the highest negative growth of (-) 28.2 percent followed by (-) 22.3 percent in ‘Other manufacturing’ and (-) 14.9 percent in ‘Manufacture of electrical equipment’.

5. Asper Use-based classification, the growth rates in December 2017overDecember 2016 are 3.7 percent in Primary goods, 16.4 percent in Capital goods, 6.2 percent in Intermediate goods and 6.7 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 0.9percent and 16.5 percent respectively.

6. Some important item groups showing high positive growth during the current month over the same month in previous year include ‘Bodies of trucks, lorries and trailers’ (254.1%), ‘API & formulations of hypo-lipidemic agents incl. anti-hyper-triglyceridemics (e.g. simvastatin, atorvastatin, etc); anti-hypertensive’ (250.4%), ‘Ship building and parts thereof’ (144.1%),‘Digestive enzymes and antacids (incl. PPI drugs)’ (88.4%), ‘Meters (electric and non-electric)’ (77.1%),‘Separators including decanter centrifuge’ (67.8%), ‘Axle’ (48.7%), ‘Commercial Vehicles’ (40.6%), ‘Two-wheelers (motorcycles/ scooters)’ (36.0%) and ‘Cement- all types’ (20.4%).

7.Someimportant item groups that have registered high negative growth include ‘Electric heaters’ [(-) 91.8%], ‘Jewellery of gold (studded with stones or not)’ [(-) 72.1%], ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 63.2%], ‘Other tobacco products’ [(-) 50.0%], ‘Plastic jars, bottles and containers’ [(-)38.1%],‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 35.6%], ‘Medical/ surgical accessories’ [(-) 34.3%], Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 28.3%], ‘Material handling, lifting and hoisting equipment’ [(-) 27.7%], ‘Paper of all kinds excluding newsprint’ [(-) 26.8%], ‘Telephones and mobile instruments’ [(-) 25.7%] and ‘Readymade Garments, knitted’ [(-) 22.5%].

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 to IIP Growth

High PositiveContributors

Digestive enzymes and antacids (incl. PPI drugs)

0.22

2.2520

Cement- all types

2.16

0.4127

Electricity

7.99

0.4010

Diesel

5.71

0.3853

Two-wheelers (motorcycles/ scooters)

1.36

0.3364

High Negative Contributors

Electric heaters

0.25

-0.4577

Jewellery of gold (studded with stones or not)

0.44

-0.3199

Other tobacco products

0.24

-0.1913

Readymade Garments, knitted

0.23

-0.1625

Medical/ surgical accessories

0.35

-0.1217

9. Along with the Quick Estimates of IIP for the month of December 2017, the indices for November 2017have undergone the first revision and those for September 2017 have undergone the final revision in the light of the updated data received from the source agencies.

10. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification for the month of December 2017, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

Note: -

  1. This Pressreleaseinformation is alsoavailable at the Website of the Ministry - http://www.mospi.nic.in
  2. Release of the indexforJanuary 2018will be on Monday, 12March 2018.
  3. Press release in Hindi follows and shall be available at:

http://mospi.nic.in/hi

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base : 2011-12=100)

Month

Mining

Manufacturing

Electricity

General

(14.3725)

(77.6332)

(7.9943)

(100)

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

Apr

95.9

98.8

114.0

117.3

142.9

150.6

113.7

117.3

May

101.4

101.7

122.4

125.6

146.0

158.1

121.3

124.8

Jun

98.4

98.5

121.1

120.3

144.3

147.4

119.7

119.3

Jul

88.4

92.4

119.4

119.3

142.5

151.9

116.8

118.0

Aug

84.7

92.6

119.6

124.1

143.5

155.4

116.5

122.1

Sep

87.7

94.4

121.0

125.6

145.6

150.5

118.2

123.1

Oct

101.0

100.9

121.3

124.0

145.1

149.8

120.3

122.7

Nov

106.2

107.4

115.7

128.1

134.9

140.1

115.9

126.1

Dec*

114.1

115.5

121.4

131.6

137.8

143.9

121.7

130.3

Jan

114.4

 

123.1

 

138.9

 

123.1

 

Feb

110.5

 

119.7

 

130.2

 

119.2

 

Mar

127.7

 

132.7

 

147.9

 

133.2

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Dec

97.5

100.2

119.5

124.0

142.5

149.7

118.2

122.6

 

 

 

 

 

 

 

 

 

Growth over the corresponding period of previous year

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec*

10.8

1.2

0.6

8.4

6.4

4.4

2.4

7.1

 

 

 

 

 

 

 

 

 

Apr-Dec

4.3

2.8

5.0

3.8

6.3

5.1

5.1

3.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Indices for Dec 2017 are Quick Estimates.

 

 

 

 

 

NOTE : Indices for the months of Sep'17 and Nov'17 incorporate updated production data.

 

 

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

(Base: 2011-12=100)

Industry

Description

Weight

Index

Cumulative Index

Percentage growth

code

 

 

Dec'16

Dec'17*

Apr-Dec

Dec'17*

Apr-Dec

(NIC 2008)

 

 

 

 

2016-17

2017-18

 

2017-18

10

Manufacture of food products

5.3025

118.2

131.7

96.5

100.7

11.4

4.4

11

Manufacture of beverages

1.0354

95.2

101.5

106.9

102.7

6.6

-3.9

12

Manufacture of tobacco products

0.7985

118.4

85.0

111.9

96.6

-28.2

-13.7

13

Manufacture of textiles

3.2913

114.0

120.2

117.5

116.4

5.4

-0.9

14

Manufacture of wearing apparel

1.3225

159.6

138.1

148.0

132.6

-13.5

-10.4

15

Manufacture of leather and related products

0.5021

107.8

125.5

121.3

122.8

16.4

1.2

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

97.8

98.9

92.1

91.7

1.1

-0.4

17

Manufacture of paper and paper products

0.8724

111.4

108.2

115.2

109.4

-2.9

-5.0

18

Printing and reproduction of recorded media

0.6798

118.9

106.1

106.0

101.8

-10.8

-4.0

19

Manufacture of coke and refined petroleum products

11.7749

124.3

131.3

118.8

122.4

5.6

3.0

20

Manufacture of chemicals and chemical products

7.8730

112.8

119.0

115.9

114.9

5.5

-0.9

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

172.6

230.6

164.2

207.2

33.6

26.2

22

Manufacture of rubber and plastics products

2.4222

122.9

114.2

121.3

111.2

-7.1

-8.3

23

Manufacture of other non-metallic mineral products

4.0853

103.8

118.7

110.1

110.5

14.4

0.4

24

Manufacture of basic metals

12.8043

133.2

139.7

129.2

135.3

4.9

4.7

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

111.3

117.0

104.3

103.7

5.1

-0.6

26

Manufacture of computer, electronic and optical products

1.5704

106.5

138.2

125.4

145.9

29.8

16.3

27

Manufacture of electrical equipment

2.9983

129.9

110.5

125.4

106.6

-14.9

-15.0

28

Manufacture of machinery and equipment n.e.c.

4.7653

114.4

126.0

110.0

115.7

10.1

5.2

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

90.9

114.4

100.4

110.5

25.9

10.1

30

Manufacture of other transport equipment

1.7763

83.6

115.6

119.0

133.0

38.3

11.8

31

Manufacture of furniture

0.1311

182.6

224.2

174.1

180.7

22.8

3.8

32

Other manufacturing

0.9415

121.7

94.6

119.4

109.6

-22.3

-8.2

 

 

 

 

 

 

 

 

 

05

Mining

14.3725

114.1

115.5

97.5

100.2

1.2

2.8

10-32

Manufacturing

77.6332

121.4

131.6

119.5

124.0

8.4

3.8

35

Electricity

7.9943

137.8

143.9

142.5

149.7

4.4

5.1

 

 

 

 

 

 

 

 

 

 

General Index

100.00

121.7

130.3

118.2

122.6

7.1

3.7

* Figures for Dec 2017 are Quick Estimates.

 

 

 

 

 

 

 

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED

(Base :2011-12=100)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary goods

Capital goods

Intermediate goods

Infrastructure/ Construction goods

Consumer durables

Consumer non-durables

Month

(34.0486)

(8.2230)

(17.2215)

(12.3384)

(12.8393)

(15.3292)

 

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

2016-17

2017-18

Apr

113.1

116.5

93.4

88.9

115.4

119.6

119.6

125.2

120.6

119.7

113.5

123.5

May

117.6

122.0

101.3

99.7

122.5

123.3

130.9

130.8

124.3

125.1

128.4

140.9

Jun

116.7

116.4

106.3

99.8

121.5

120.0

128.9

130.2

121.9

117.6

122.3

128.2

Jul

113.2

115.7

97.6

96.5

123.2

119.8

119.5

124.6

119.9

117.0

123.3

128.3

Aug

110.0

117.8

94.8

101.7

123.6

123.0

124.9

128.3

122.8

128.1

122.6

131.4

Sep

109.8

117.0

99.0

107.6

121.2

123.8

124.7

125.3

135.4

129.9

123.9

136.9

Oct

119.2

122.1

94.3

100.5

122.3

122.6

124.8

131.7

130.7

119.5

122.1

131.8

Nov

117.0

120.8

98.7

108.6

117.7

125.3

113.7

129.5

118.3

122.1

120.5

148.7

Dec*

123.3

127.9

97.3

113.3

121.9

129.5

125.8

134.2

116.8

117.8

131.3

152.9

Jan

122.0

 

98.8

 

123.9

 

128.7

 

116.7

 

138.5

 

Feb

115.2

 

101.9

 

120.7

 

122.6

 

115.4

 

136.5

 

Mar

132.5

 

134.7

 

134.1

 

135.6

 

128.2

 

135.4

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Dec

115.5

119.6

98.1

101.8

121.0

123.0

123.6

128.9

123.4

121.9

123.1

135.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Growth over the corresponding period of previous year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec*

7.4

3.7

-6.2

16.4

2.1

6.2

5.5

6.7

-5.0

0.9

-0.2

16.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Dec

5.4

3.5

3.4

3.8

3.4

1.7

5.1

4.3

4.8

     
 

* Indices for Dec 2017 are Quick Estimates.

NOTE : Indices for the months of Sep'17 and Nov'17 incorporate updated production data.

← Previous Next →
Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.