Thursday, March 12, 2009

Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of January, 2009.

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of January 2009 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 280.4, which is 0.5% lower as compared to the level in the month of January 2008. The cumulative growth for the period April-January 2008-09 stands at 3.0% over the corresponding period of the pervious year.

2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2009 stand at 185.9, 299.6, and 227.9 respectively, with the corresponding growth rates of (-)0.4%, (-)0.8% and 1.8% as compared to January 2008. The cumulative growth during April-January, 2008-09 over the corresponding period of 2007-08 in the three sectors have been 2.7%, 3.0% and 2.6% respectively, which moved the overall growth in the General Index to 3.0%.

3. In terms of industries, as many as five (5) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of January 2009 as compared to the corresponding month of the previous year. The industry group ‘Machinery and Equipment other than Transport Equipment’ have shown the highest growth of 17.5%, followed by 10.3% in ‘Other Manufacturing Industries’ and 5.3% in ‘Beverages, Tobacco and Related Products’. On the other hand, the industry group ‘Food Products’ have shown a negative growth of 16.1% followed by 15.2% in ‘Wood and Wood Products; Furniture and Fixtures‘and 13.4% in ‘Transport Equipment and Parts’.

4. As per Use-based classification, the Sectoral growth rates in January 2009 over January 2008 are (-)1.0% in Basic goods, 15.4% in Capital goods and (-)9.2% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 2.5% and 0.7% respectively, with the overall growth in Consumer goods being 1.1%.

5. Alongwith the Quick Estimates of IIP for January 2009, the indices for December 2008 have undergone the first revision and those for October 2008 have undergone the second (final) revision in the light of the updated data received from the source agencies. (It may be noted that revised indices (first revision) in respect of November 2008 have already been released in February 2009 and these indices shall undergo final (second) revision in April 2009).

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