Quick Estimates of Index of Industrial Production & use-based Index for Dec.2019

Speed Post News Network

New Delhi  : The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of December 2019 stands at 133.5, which is 0.3 percent lower compared to the level in the month of December 2018. The cumulative growth for the period April-December 2019 over the corresponding period of the previous year stands at 0.5 percent.

The Indices of Industrial Production for the Mining, Manufacturing, and Electricity sectors for the month of December 2019 stand at 120.6, 134.2 and 150.2 respectively, with the corresponding growth rates of 5.4 percent, (-) 1.2 percent and (-) 0.1 percent compared to December 2018. The cumulative growth in these three sectors during April-December 2019 over the corresponding period of 2018 has been 0.6 percent, 0.5 percent and 0.8 percent respectively.

In terms of industries, sixteen out of the twenty three industry groups (as per 2-digit level of National Industrial Classification-2008) in the manufacturing sector have shown negative growth during the month of December 2019  compared to the corresponding month of the previous year, according to a PIB release.

The industry group ‘Manufacture of computer, electronic, and optical products’ has shown the highest negative growth of (-) 24.9 percent followed by (-) 20.3 percent in ‘Manufacture of machinery and equipment n.e.c.’ and (-) 15.5 percent in ‘Printing and reproduction of recorded media’.

On the other hand, the industry group ‘Manufacture of basic metals’ has shown the highest positive growth of 14.2 percent followed by 13.2 percent in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ and 5.9 percent in ‘Manufacture of leather and related products’.

As per Use-based classification, the growth rates in December 2019 over December 2018 are 2.2 percent in Primary goods, (-) 18.2 percent in Capital goods, 12.5 percent in Intermediate goods and (-) 2.6 percent in Infrastructure/ Construction Goods.  The Consumer durables and Consumer non-durables have recorded growth of (-) 6.7 percent and (-) 3.7 percent respectively.