Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of March, 2019

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of March 2019stands at 140.2, which is 0.1 percent lower as compared to the level in the month of March 2018. The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stands at 3.6 percent.

2.        The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2019 stand at 132.6, 139.6 and 160.1 respectively, with the corresponding growth rates of 0.8 percent, (-) 0.4 percent and 2.2 percent as compared to March 2018 (Statement I). The cumulative growth in these three sectors during April-March 2018-19 over the corresponding period of 2017-18 has been 2.9 percent, 3.5 percent and 5.2 percent respectively.

3.        In terms of industries, twelve out of the twenty three industry groups (as per 2-digit NIC-2008) in the manufacturing sector have shown negative growth during the month of March 2019 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Manufacture of furniture’ ‘has shown the highest negative growth of (-) 24.6 percent followed by (-) 18.5 percent in ‘Manufacture of other transport equipment’ and (-) 15.3 in‘Manufacture of fabricated metal products, except machinery and equipment’. On the other hand, the industry group ‘Manufacture of tobacco products’ has shown the highest positive growth of 13.5 percent followed by 10.6 percent in ‘Manufacture of computer, electronic and optical products’ and 9.3 percent in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’.

4.        As per Use-based classification, the growth rates in March 2019 over March 2018 are 2.5 percent in Primary goods, (-) 8.7 percent in Capital goods, (-) 2.5 percent in Intermediate goods and 6.4 percent in Infrastructure/ Construction Goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 5.1 percent and 0.3 percent respectively.

5.        Details of item groups exhibiting larger variations in production in absolute terms and weighted terms in Statement IV.

 

6.        Along with the Quick Estimates of IIP for the month of March 2019, the indices for February 2019 have undergone the first revision and those for December 2018 have undergone the final revision in the light of the updated data received from the source agencies.

 

7.        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 March 2019, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

 

8.        Release of the Index for April 2019 will be on Wednesday, 12June 2019.

Note: –

 

  1. This Press release information is also available at the Website of the Ministry – http://www.mospi.nic.in
  2. 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)
Month Mining Manufacturing Electricity General
(14.372472) (77.63321) (7.994318) (100)
2017-18 2018-19 2017-18 2018-19 2017-18 2018-19 2017-18 2018-19
Apr 98.8 102.6 117.3 123.1 150.6 153.7 117.3 122.6
May 101.7 107.6 125.6 130.1 158.1 164.7 124.8 129.6
Jun 98.5 104.9 120.3 128.6 147.4 159.9 119.3 127.7
Jul 92.4 95.5 119.3 127.6 151.9 162.0 118.0 125.7
Aug 92.6 92.0 124.1 130.6 155.4 167.2 122.1 128.0
Sep 94.4 94.5 125.6 131.6 150.5 162.9 123.1 128.8
Oct 100.8 108.2 123.7 133.9 149.8 166.0 122.5 132.8
Nov 107.7 110.6 127.7 126.8 140.1 147.3 125.8 126.1
Dec 115.5 114.4 132.0 135.8 143.9 150.4 130.6 133.9
Jan 114.7 119.2 133.8 135.2 149.5 150.9 132.3 134.2
Feb 110.1 112.5 129.7 129.2 136.1 137.9 127.4 127.5
Mar* 131.6 132.6 140.2 139.6 156.7 160.1 140.3 140.2
Average              
         
Apr-Mar* 104.9 107.9 126.6 131.0 149.2 156.9 125.3 129.8
             
Growth over the corresponding period of previous year        
         
Mar* 3.1 0.8 5.7 -0.4 5.9 2.2 5.3 -0.1
         
Apr-Mar* 2.3 2.9 4.6 3.5 5.4 5.2 4.4 3.6
                 
* Figures for Mar 2019 are Quick Estimates.
NOTE : Indices for the months of Dec’18 and Feb’19 incorporate updated production data.

 

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Industry Description Weight Index Cumulative Index Percentage growth
code     Mar’18 Mar’19* Apr-Mar* Mar’19* Apr-Mar*
          2017-18 2018-19   2018-19
10 Manufacture of food products 5.3025 128.3 137.4 108.1 121.1 7.1 12.0
11 Manufacture of beverages 1.0354 123.1 117.4 105.4 108.7 -4.6 3.1
12 Manufacture of tobacco products 0.7985 95.0 107.8 95.1 93.9 13.5 -1.3
13 Manufacture of textiles 3.2913 119.0 117.7 117.1 118.4 -1.1 1.1
14 Manufacture of wearing apparel 1.3225 169.3 174.5 137.5 152.3 3.1 10.8
15 Manufacture of leather and related products 0.5021 130.3 132.7 123.9 124.7 1.8 0.6
16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.1930 105.2 115.0 92.4 104.0 9.3 12.6
17 Manufacture of paper and paper products 0.8724 112.7 99.7 108.9 104.2 -11.5 -4.3
18 Printing and reproduction of recorded media 0.6798 111.2 107.5 99.7 97.7 -3.3 -2.0
19 Manufacture of coke and refined petroleum products 11.7749 128.6 134.5 123.5 126.7 4.6 2.6
20 Manufacture of chemicals and chemical products 7.8730 126.9 128.4 116.1 118.8 1.2 2.3
21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 231.5 225.6 212.1 215.0 -2.5 1.4
22 Manufacture of rubber and plastics products 2.4222 111.3 108.3 110.6 108.0 -2.7 -2.4
23 Manufacture of other non-metallic mineral products 4.0853 129.8 139.9 113.9 123.6 7.8 8.5
24 Manufacture of basic metals 12.8043 151.3 153.1 138.0 141.3 1.2 2.4
25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 132.9 112.5 107.9 106.4 -15.3 -1.4
26 Manufacture of computer, electronic and optical products 1.5704 159.8 176.7 148.5 168.5 10.6 13.5
27 Manufacture of electrical equipment 2.9983 117.4 107.6 107.4 110.0 -8.3 2.4
28 Manufacture of machinery and equipment n.e.c. 4.7653 147.9 140.0 120.5 123.4 -5.3 2.4
29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 134.4 124.3 114.5 122.8 -7.5 7.2
30 Manufacture of other transport equipment 1.7763 151.1 123.2 133.9 145.7 -18.5 8.8
31 Manufacture of furniture 0.1311 276.5 208.4 196.6 211.4 -24.6 7.5
32 Other manufacturing 0.9415 109.2 114.5 106.2 92.9 4.9 -12.5
                 
05 Mining 14.3725 131.6 132.6 104.9 107.9 0.8 2.9
10-32 Manufacturing 77.6332 140.2 139.6 126.6 131.0 -0.4 3.5
35 Electricity 7.9943 156.7 160.1 149.2 156.9 2.2 5.2
                 
  General Index 100.00 140.3 140.2 125.3 129.8 -0.1 3.6
* Figures for March 2019 are Quick Estimates.

 

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED
(Base :2011-12=100)
  Primary goods Capital goods Intermediate goods Infrastructure/ Construction goods Consumer durables Consumer non-durables
Month (34.048612) (8.223043) (17.221487) (12.338363) (12.839296) (15.329199)
  2017-18 2018-19 2017-18 2018-19 2017-18 2018-19 2017-18 2018-19 2017-18 2018-19 2017-18 2018-19
Apr 116.5 119.7 88.9 97.6 119.6 120.1 125.2 135.9 119.7 124.4 123.5 132.8
May 122.0 129.0 99.7 106.1 123.3 123.4 130.8 140.8 125.1 133.5 140.9 138.6
Jun 116.4 127.1 99.8 109.5 120.0 121.8 130.2 142.4 117.6 133.6 128.2 128.5
Jul 115.7 123.6 96.5 98.7 119.8 121.4 124.6 136.1 117.0 133.5 128.3 135.1
Aug 117.8 120.7 101.7 112.2 123.0 126.6 128.3 138.6 128.1 135.1 131.4 140.0
Sep 117.0 120.0 107.6 115.0 123.8 125.6 125.3 137.2 129.9 136.9 136.9 145.6
Oct 122.1 129.5 97.6 114.1 122.6 125.5 132.0 143.9 119.0 139.7 132.1 143.4
Nov 120.9 124.8 104.3 100.0 125.4 120.2 129.3 135.5 122.0 118.3 149.1 148.6
Dec 128.0 126.6 110.1 114.7 131.0 129.9 134.0 146.1 119.3 124.2 153.4 163.4
Jan 129.2 131.0 111.1 107.3 130.6 126.4 138.3 147.7 125.6 128.5 153.3 158.4
Feb 119.5 121.1 118.8 108.2 124.8 118.5 138.5 141.4 124.0 125.5 146.6 152.7
Mar* 136.5 139.9 130.5 119.2 137.4 133.9 147.9 157.4 136.1 129.2 154.5 154.9
Average                        
             
Apr-Mar* 121.8 126.1 105.6 108.6 125.1 124.4 132.0 141.9 123.6 130.2 139.9 145.2
                         
Growth over the corresponding period of previous year                
             
Mar* 3.0 2.5 -3.1 -8.7 2.5 -2.5 9.1 6.4 6.2 -5.1 14.1 0.3
             
Apr-Mar* 3.7 3.5 4.0 2.8 2.3 -0.6 5.6 7.5 0.8 5.3 10.6 3.8
                         
* Figures for Mar 2019 are Quick Estimates.
NOTE : Indices for the months of Dec’18 and Feb’19 incorporate updated production data.

 

 

STATEMENT IV
Sl No Item Group Weights (%) Production Growth (%)
Item Groups with high negative growth in production
1 API & formulations of hypo-lipidemic agents incl. anti-hyper-triglyceridemics (e.g. simvastatin, atorvastatin, etc); anti-hypertensive 0.31 -77.4
2 T.V.set 0.31 -59.5
3 Air filters 0.19 -59.2
4 Printing machinery 0.46 -58.6
5 Bodies of trucks, lorries and trailers 0.26 -51.8
Item Groups with high positive growth in production
1 Material handling, lifting and hoisting equipment 0.14 96.2
2 Soyabean Oil 0.19 79.9
3 Separators including decanter centrifuge 0.16 46.1
4 Fragrances & Oil essentials 0.20 45.1
5 Antidiabetic drugs excl. Insulin (Metformin, Pioglitazone, Glimepiride, etc.) 0.12 37.4
Sl No Item Group Weights (%) Contribution to IIP Growth
High Negative Contributors
1 Two-wheelers (motorcycles/ scooters) 1.36 -0.3557
2 Copper bars, rods & wire rods 0.64 -0.2129
3 Pig iron 0.40 -0.1891
4 Printing machinery 0.46 -0.1871
5 Auto components/ spares and accessories 2.59 -0.1626
High Positive Contributors
1 Sunflower Oil 0.07 0.4510
2 Diesel 5.71 0.4479
3 Cement- all types 2.16 0.3854
4 Fragrances & Oil essentials 0.20 0.2123
5 Electricity 7.99 0.1937