IIP for September contracts 0.4%
As per “use-based” classification there have been negative growths in capital goods (-12.2%) and consumer durables (-1.7%) whereas positive growths have been achieved in basic goods (3.5%), intermediate goods (1.8%) and consumer non-durables (1.1%).
The General Index for the month of September 2012 stands at 163.6, which is 0.4% lower as compared to the level in the month of September 2011. The cumulative growth for the period April-September 2012-13 over the corresponding period of the previous year stands at 0.1%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2012 stand at 114.8, 174.7 and 149.7 respectively, with the corresponding growth rates of 5.5%, (-)1.5% and 3.9% as compared to September 2011 (Statement I). The cumulative growth in the three sectors during April-September 2012-13 over the corresponding period of 2011-12 has been 0.0%, (-) 0.4% and 4.6% respectively.
In terms of industries, twelve (12) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of September 2012 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Publishing, printing & reproduction of recorded media’ has shown the highest growth of 16.5%, followed by 14.3% in ‘Wearing apparel; dressing and dyeing of fur’ and 7.5% in ‘Coke, refined petroleum products & nuclear fuel’. On the other hand, the industry group ‘Office, accounting and computing machinery’ has shown a negative growth of 30.7% followed by 23.6% in ‘Tobacco products’ and 19.4% in ‘Electrical machinery & apparatus n.e.c.’.
As per Use-based classification, the growth rates in September 2012 over September 2011 are 3.5% in Basic goods, (-) 12.2% in Capital goods and 1.8% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 1.7% and 1.1% respectively, with the overall growth in Consumer goods being (-) 0.3%.
Some of the important items showing high negative growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’ [(-) 56.3%], ‘Gems and Jewellery’ [(-) 21.9%], ‘Sponge Iron’ [(-) 17.8%], ‘Stainless/alloy steel’ [(-) 24.3%], ‘Heat exchangers’ [(-) 47.2], ‘Cigarettes’ [(-) 27.4%], ‘Plastic Machinery incl. moulding machinery’ [(-) 24.6%], ‘Rice’ [(-) 24.1%], ‘Computers’ [(-) 31.1%], ‘Ayurvedic Medicaments’ [(-) 30.2%], ‘Cement Machinery’ [(-) 57.7%] and ‘Razor blades/safety blades’ [(-)18.1%].
Some of the other important items showing high positive growth are: ‘Conductor, Aluminium’ (49.7%), ‘Carbon Steel’ (26.7%), ‘Tea’ (34.3%), ‘Leather Garments’ (44.0%), ‘Sugar Machinery’ (79.2%), ‘C.R. Sheets’ (22.1%), ‘Coir mats and mattings’ (231.2%), ‘Sugar (including sugar cubes)’ (132.9%), and ‘Pressure Cooker’ (18.6%).
Along with the Q.E. of IIP for the month of September 2012, the indices for August 2012 have undergone the first revision and those for June 2012 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 August 2012 shall undergo final (second) revision along with the release of IIP for the month of November 2012.
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 September 2012, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.
STATEMENT I: Index of Industrial Production - Sectoral
(Base : 2004-05=100)
STATEMENT II: INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)
|Industry code*||Description||Weight||Index||Cumulative Index (Apr-Sep)||Percentage growth|
|Sep 11||Sep 12||2011-12||2012-13||Sep'12||Apr-Sep 2012-13|
|15||Food products and beverages||72.76||109.9||115.0||138.0||138.3||4.6||0.2|
|18||Wearing apparel; dressing and dyeing of fur||27.82||125.8||143.8||129.3||128.4||14.3||-0.7|
|19||Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products||5.82||118.4||124.6||119.1||124.0||5.2||4.1|
|20||Wood and products of wood & cork except furniture; articles of straw & plating materials||10.51||147.5||145.0||151.7||147.4||-1.7||-2.8|
|21||Paper and paper products||9.99||137.2||139.4||135.8||136.6||1.6||0.6|
|22||Publishing, printing & reproduction of recorded media||10.78||154.2||179.7||157.4||181.1||16.5||15.1|
|23||Coke, refined petroleum products & nuclear fuel||67.15||114.0||122.5||123.9||129.4||7.5||4.4|
|24||Chemicals and chemical products||100.59||125.2||127.3||123.6||126.4||1.7||2.3|
|25||Rubber and plastics products||20.25||176.3||176.7||182.1||186.4||0.2||2.4|
|26||Other non-metallic mineral products||43.14||144.8||152.6||151.6||157.4||5.4||3.8|
|28||Fabricated metal products, except machinery & equipment||30.85||206.8||198.2||184.5||185.9||-4.2||0.8|
|29||Machinery and equipment n.e.c.||37.63||242.6||213.0||232.6||234.2||-12.2||0.7|
|30||Office, accounting & computing machinery||3.05||199.8||138.4||148.0||131.2||-30.7||-11.4|
|31||Electrical machinery & apparatus n.e.c.||19.80||398.0||320.6||447.0||313.0||-19.4||-30.0|
|32||Radio, TV and communication equipment & apparatus||9.89||1117.9||1130.8||933.2||1029.2||1.2||10.3|
|33||Medical, precision & optical instruments, watches and clocks||5.67||121.9||129.2||101.9||113.5||6.0||11.4|
|34||Motor vehicles, trailers & semi-trailers||40.64||250.6||248.1||246.2||239.6||-1.0||-2.7|
|35||Other transport equipment||18.25||247.0||237.3||230.3||225.5||-3.9||-2.1|
|36||Furniture; manufacturing n.e.c.||29.97||150.5||131.5||144.2||132.0||-12.6||-8.5|
|10||Mining & Quarrying||141.57||108.8||114.8||121.8||121.8||5.5||0.0|
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India Infoline Research Team / 08:41, Oct 09, 2015
The Indian market too is expected to get off to a positive start. The Nifty looked geared to rally towards the 8300 mark but indices took a breather on Thursday.