November 2010 IIP Figures

The Ministry Of Statistics and Program Implementation has released the IIP estimates for November 2010. The Press Note is as follows:

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The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of November 2010 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index stands at 317.9, which is 2.7% higher as compared to the level in the month of November 2009. The cumulative growth for the period April- November, 2010-11 stands at 9.5% over the corresponding period of the previous year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2010 stand at 205.8, 343.9, and 230.5 respectively, with the corresponding growth rates of 6.0%, 2.3% and 4.6% as compared to November 2009. The cumulative growth during April-November, 2010-11 over the corresponding period of 2009-10 in these three sectors have been 8.0%, 10.0% and 4.5% respectively, which moved the overall growth in the General Index to 9.5%.
 

In terms of industries, nine (9) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of November 2010 as compared to the corresponding month of the previous year. 

The industry group ‘Transport Equipment and Parts’ have shown the highest growth of 15.6%, followed by 12.6% in ‘Leather and Leather & Fur Products’ and 9.6% in ‘Other Manufacturing Industries’. 

On the other hand, the industry group ‘Wood and Wood Products; Furniture and Fixtures’ have shown a negative growth of 27.4% followed by 17.5% in ‘Jute and other vegetable fiber Textiles (except cotton)’.
 

 As per Use-based classification, the Sectoral growth rates in November 2010 over November 2009 are 4.5% in Basic goods, 12.6% in Capital goods and 2.4% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 4.3% and (-) 6.0% respectively, with the overall growth in Consumer goods being (-) 3.1%.

5. During the current month, low growth has been observed in Intermediate goods and Consumer non-durable goods. Important items registering highly negative growth include ‘Spun pipes’ [(-) 38.2%], ‘Railway/concrete sleeper’ [(-) 34.9%] and ‘Particle board’ [(-) 29.6%] in case of Intermediate goods and
‘Rice bran oil’ [(-) 57.9%] and ‘Hair oil/ayurvedic hair oil’ [(-) 42.5%] in case of Consumer non-durable goods. Moreover ‘Agricultural implements’ [(-) 55.6%] and ‘Industrial machinery’ [(-) 46.7%] of Capital goods are also showing highly negative growth.

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