Quick Estimates of Index of Industrial Production for February, 2019

Speed Post News Network

New Delhi : The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2019 stands at 127.5, which is 0.1 percent higher compared to the level in the month of February 2018. The cumulative growth for the period April-February 2018-19 over the corresponding period of the previous year stands at 4%.

The indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2019 stand at 112.3, 129.3 and 137.7 respectively, with the corresponding growth rates of 2.0 percent, (-) 0.3 percent and 1.2 percent  compared to February 2018. The cumulative growth in these three sectors during April-February 2018-19 over the corresponding period of 2017-18 has been 3%, 3.8 %, and 5.5 % respectively.

In terms of industries, ten out of the twenty three industry groups (as per 2-digit National Industrial Classification (NIC) -2008) in the manufacturing sector have shown positive growth during the month of February 2019 compared to the corresponding month of the previous year. The industry group ‘Manufacture of wearing apparel’ has shown the highest positive growth of 19.3 % followed by 13.8 % in ‘Manufacture of food products’ and 8.3 % in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’.

On the other hand, the industry group ‘Manufacture of machinery and equipment n.e.c.’ has shown the highest negative growth of (-) 12.8 percent followed by (-) 10.7 percent in ‘Manufacture of fabricated metal products, except machinery and equipment’ and (-) 9.7 in ‘Manufacture of furniture’.

As per Use-based classification, the growth rates in February 2019 over February 2018 are 1.2 percent in Primary goods, (-) 8.8 percent in Capital goods, (-) 4.9 percent in Intermediate goods and 2.4 percent in Infrastructure/ Construction Goods.  The Consumer durables and Consumer non-durables have recorded growth of 1.2 percent and 4.3 percent respectively, according to a PIB release.