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October 13, 2017

Surging ahead, India’s Index of Industrial Production (IIP) grew at a nine-month high of 4.3% in August 2017 (YoY)

Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation


12-October-2017 17:30 IST

Quick Estimates of Index of Industrial Production and use-based Index for the Month of August, 2017 (Base 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of August 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.

  1. The General Index for the month of August 2017 stands at 121.5, which is 4.3 percent higher as compared to the level in the month of August 2016. The cumulative growth for the period April-August 2017 over the corresponding period of the previous year stands at 2.2 percent.
  2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2017 stand at 92.7, 123.3 and 155.4 respectively, with the corresponding growth rates of 9.4 percent, 3.1 percent and 8.3 percent as compared to August 2016 (Statement I). The cumulative growth in these three sectors during April-August 2017 over the corresponding period of 2016 has been 3.3 percent, 1.6 percent and 6.2 percent respectively.
  3. In terms of industries, ten out of the twenty three industry groups (as per 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of August 2017 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Manufacture of computer, electronic and optical products’ has shown the highest positive growth of 24.9 percent followed by 16.5 percent in ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ and 11.1 percent in ‘Manufacture of other transport equipment’. On the other hand, the industry group ‘Manufacture of furniture’ has shown the highest negative growth of (-) 16.0 percent followed by (-) 15.1 percent in ‘Manufacture of tobacco products’ and  (-) 11.4 percent in ‘Printing and reproduction of recorded media’.
  4. As per Use-based classification, the growth rates in August 2017 over August 2016 are 7.1 percent in Primary goods, 5.4 percent in Capital goods,    (-) 0.2 percent in Intermediate goods and 2.5 percent in Infrastructure/ Construction Goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 1.6 percent and 6.9 percent respectively.
  5. Some important items showing high positive growth during the current month over the same month in previous year include ‘Meters (electric and non-electric)’ (63.3%), ‘Separators including decanter centrifuge’ (56.6%), ‘Digestive enzymes and antacids (incl. PPI drugs)’ (33.7%), ‘Anti-pyretic, analgesic/anti-inflammatory API & formulations’ (29.6%), ‘Pipes, tubes & casing of steel/ iron’ (27.4%), ‘Axle’ (26.0%), ‘Telephones and mobile instruments’ (23.2%) and  ‘Full-cream/ Toned/ Skimmed milk, whether or not chilled’ (22.4%).
  6. Some important items that have registered high negative growth include ‘Anti-malarial drug’ [(-)68.4%], ‘Jewellery of gold (studded with stones or not)’ [(-) 46.0%], ‘Plastic jars, bottles and containers’ [(-) 42.0%], ‘Tooth Paste’         [(-) 39.9%], ‘Other tobacco products’ [(-) 38.2%], ‘Electrical apparatus for switching or protecting electrical circuits (e.g switchgear, circuit breakers/switches, control/ meter panel)’ [(-) 33.7%] and ‘Palm Oil refined (including Palmolein)’ [(-) 29.3%].
  7. 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 Positive Contributors
Mining14.37

0.9870

Digestive enzymes and antacids (incl. PPI drugs)0.22

0.8577

Electricity7.990.8166
Diesel5.710.3433
Anti-pyretic, analgesic/anti-inflammatory API & formulations0.450.3283
High Negative Contributors
Jewellery of gold (studded with stones or not)0.44-0.1937
Electrical apparatus for switching or protecting electrical circuits (e.g switchgear, circuit breakers/switches, control/ meter panel)0.45-0.1787
Other tobacco products0.24-0.1548
Tooth paste0.32-0.1295
Anti-malarial drugs0.27-0.1289

 

  1. Along with the Quick Estimates of IIP for the month of August 2017, the indices for July 2017 have undergone the first revision and those for May 2017 have undergone the final revision in the light of the updated data received from the source agencies.

 

  1. 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 August 2017, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

Note: –

  1. This Press release information is also available at the Website of the Ministry – http://www.mospi.nic.in
  2. Release of the index for September 2017 will be on Friday, 10 November 2017.
  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)
MonthMiningManufacturingElectricityGeneral
(14.3725)(77.6332)(7.9943)(100)
2016-172017-182016-172017-182016-172017-182016-172017-18
Apr95.998.8114.0117.3142.9150.6113.7117.3
May101.4101.7122.4125.6146.0158.1121.3124.8
Jun98.498.8121.1120.5144.3147.4119.7119.5
Jul88.492.4119.4119.1142.5151.9116.8117.9
Aug*84.792.7119.6123.3143.5155.4116.5121.5
Sep87.7 121.0 145.6 118.2 
Oct101.0 121.3 145.1 120.3 
Nov106.2 115.7 134.9 115.9 
Dec114.1 121.4 137.8 121.7 
Jan114.4 123.1 138.9 123.1 
Feb110.5 119.7 130.2 119.2 
Mar127.7 132.7 147.9 133.2 
Average      
     
Apr-Aug93.896.9119.3121.2143.8152.7117.6120.2
        
Growth over the corresponding period of previous year    
      
Aug-4.39.45.53.12.18.34.04.3
      
Apr-Aug4.03.36.11.66.76.25.92.2
         
* Indices for Aug 2017 are Quick Estimates.
NOTE : Indices for the months of May’17 and Jul’17 incorporate updated production data.

 

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
IndustryDescriptionWeightIndexCumulative IndexPercentage growth
code  Aug’16Aug’17Apr-AugAug’17Apr-Aug
     2016-172017-18 2017-18
10Manufacture of food products5.302589.196.291.892.08.00.2
11Manufacture of beverages1.035497.795.0115.9105.7-2.8-8.8
12Manufacture of tobacco products0.7985117.699.8106.996.9-15.1-9.4
13Manufacture of textiles3.2913119.5116.0118.8116.5-2.9-1.9
14Manufacture of wearing apparel1.3225147.5138.0152.6147.5-6.4-3.3
15Manufacture of leather and related products0.5021123.4119.5127.9127.9-3.20.0
16Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials0.193093.395.193.392.31.9-1.1
17Manufacture of paper and paper products0.8724119.0111.9118.4111.5-6.0-5.8
18Printing and reproduction of recorded media0.6798108.295.9104.796.7-11.4-7.6
19Manufacture of coke and refined petroleum products11.7749117.7121.0118.4119.32.80.8
20Manufacture of chemicals and chemical products7.8730119.5117.1117.1112.3-2.0-4.1
21Manufacture of pharmaceuticals, medicinal chemical and botanical products4.9810168.7196.6162.6198.816.522.3
22Manufacture of rubber and plastics products2.4222117.8117.2119.5116.6-0.5-2.4
23Manufacture of other non-metallic mineral products4.0853107.1103.2113.2109.0-3.6-3.7
24Manufacture of basic metals12.8043133.7136.3129.7133.71.93.1
25Manufacture of fabricated metal products, except machinery and equipment2.6549100.6104.9105.897.64.3-7.8
26Manufacture of computer, electronic and optical products1.5704132.3165.2124.1134.524.98.4
27Manufacture of electrical equipment2.9983115.0104.6117.9101.0-9.0-14.3
28Manufacture of machinery and equipment n.e.c.4.7653105.0115.7108.2112.210.23.7
29Manufacture of motor vehicles, trailers and semi-trailers4.8573101.3109.6101.7104.98.23.1
30Manufacture of other transport equipment1.7763129.7144.1120.7132.711.19.9
31Manufacture of furniture0.1311172.9145.3167.2165.7-16.0-0.9
32Other manufacturing0.9415112.4101.3114.7121.6-9.96.0
         
05Mining14.372584.792.793.896.99.43.3
10-32Manufacturing77.6332119.6123.3119.3121.23.11.6
35Electricity7.9943143.5155.4143.8152.78.36.2
         
 General Index100.00116.5121.5117.6120.24.32.2
Industry codes are as per National Industrial Classification 2008
 

 

 

 

 

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED

(Base :2011-12=100)
 Primary goodsCapital goodsIntermediate goodsInfrastructure/ Construction goodsConsumer durablesConsumer non-durables
Month(34.0486)(8.2230)(17.2215)(12.3384)(12.8393)(15.3292)
 2016-172017-182016-172017-182016-172017-182016-172017-182016-172017-182016-172017-18
Apr113.1116.593.488.9115.4119.6119.6125.2120.6119.7113.5123.5
May117.6122.0101.399.7122.5123.3130.9130.8124.3125.1128.4140.9
Jun116.7116.5106.399.3121.5121.1128.9129.0121.9119.0122.3128.1
Jul113.2115.797.696.3123.2121.1119.5123.7119.9115.6123.3127.7
Aug*110.0117.894.899.9123.6123.4124.9128.0122.8124.8122.6131.1
Sep109.8 99.0 121.2 124.7 135.4 123.9 
Oct119.2 94.3 122.3 124.8 130.7 122.1 
Nov117.0 98.7 117.7 113.7 118.3 120.5 
Dec123.3 97.3 121.9 125.8 116.8 131.3 
Jan122.0 98.8 123.9 128.7 116.7 138.5 
Feb115.2 101.9 120.7 122.6 115.4 136.5 
Mar132.5 134.7 134.1 135.6 128.2 135.4 
Average            
             
Apr-Aug114.1117.798.796.8121.2121.7124.8127.3121.9120.8122.0130.3
             
Growth over the corresponding period of previous year      
             
Aug-1.07.10.55.44.6-0.26.52.57.31.611.36.9
             
Apr-Aug5.63.29.5-1.93.40.44.12.06.2-0.99.66.8
             
* Indices for Aug 2017 are Quick Estimates.
NOTE : Indices for the months of May’17 and Jul’17 incorporate updated production data.

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RDS/HK/NB

 

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