February IIP grows at 0.6%

 

Growth in industry output, as measured in terms of IIP, for the month of February 2013 is estimated at 0.6% as compared with 4.3% during February 2012. The cumulative growth for the period April-February 2012-13 stands at 0.9% as compared to 3.5% in the corresponding period of the previous year.

 

The growth in the three sectors mining, manufacturing and electricity in February 2013, stands at (-) 8.1%, 2.2% and (-) 3.2% respectively as compared to 2.3%, 4.1% and 8% during February 2012 respectively. The cumulative growth for the period April- February 2012- 2013 in the three sectors mining, manufacturing and electricity over the corresponding year stands at (-) 2.5%, 1% and 4% respectively.

 

   Recent growth pattern in IIP                                                                              (% growth)

Industry Group	Weight in IIP	Apr- Feb	Apr-Feb	February	February
		2011-12	2012-13	2012	2013
Mining	14.2	-2.1	-2.5	2.3	-8.1
Manufacturing	75.5	3.7	1.0	4.1	2.2
Electricity	10.3	8.7	4.0	8.0	-3.2
Use based classification
Basic goods	45.7	5.9	2.3	7.6	-1.8
Capital goods	8.8	-1.8	-7.6	10.5	9.5
Intermediate goods	15.7	-0.7	1.5	1.0	-0.7
Consumer Goods
Consumer goods	29.8	4.7	2.5	-0.4	0.5
a) Consumer durables	8.5	2.7	2.7	-6.2	-2.7
b) Consumer non-durables	21.3	6.4	2.3	4.4	2.9
Overall IIP	100	3.5	0.9	4.3	0.6

 

                                                                                                                        

 

 

 

 

 

 

 

 

 

 

    

 

 

 

   Source: PHD Research Bureau, compiled from CSO

 

Basic goods have grown at (-) 1.8% during February 2013 as compared to 7.6% during February 2012. The cumulative growth during April - February 2012-13 stands at 2.3% as compared to 5.9% during the corresponding period of last year. Consumer goods have grown at 0.5% during February 2013 as compared to (-) 0.4% during February 2012. Consumer durables have grown at (-) 2.7% during February 2013 as compared to (-) 6.2% during corresponding period last year, while consumer non durables have grown at  2.9% during February 2013 as compared to 4.4% during February 2012.

 

The cumulative growth of consumer goods during Apr-Feb 2012-13 stands at 2.5% as against 4.7% during the corresponding period last year. Consumer durables have shown a cumulative growth of 2.7% during Apr-Feb 2012-13 and also during Apr-Feb 2011-12, while consumer non durables have shown a cumulative growth of 2.3% during Apr-Feb 2012-13 as compared to 6.4% during Apr-Feb 2011-12.

 

Some of the important items showing high positive growth during the current month over the same month in previous year include Cashew Kernels (83.4%), Apparels (16%), Leather Garments (39.6%), Vitamins (121.2%), Heat Exchangers (61.5%), Conductor, Aluminium (66%), Cable, Rubber Insulated (188.5%), Generator/ Alternator (47.9%) and Ship Building & Repairs (105.4%).

 

Some of the other important items showing high negative growth are Biscuits (-) 26.8%, Polythene Bags including Hdpe & Ldpe Bags (-) 44.5%, Grinding wheels (-) 34.2%, Stampings & Forgings (-) 24.4%, Razor Blades/ Safety Blades (-) 32.6%, Fasteners (-) 27.6%, Tractors (complete) (-) 19.4%, Machine Tools (-) 51.9%, Earth Moving Machinery (-) 20% and Commercial Vehicles (-) 23.6%.

 

 

Trend in IIP growth                                                                                                              (%)

 

  Source: PHD Research Bureau, compiled from CSO

 

Capital goods have grown at 9.5% during February 2013 as compared to a growth of 10.5% in February 2012. The cumulative growth of capital goods stands at (-) 7.6% during April- February 2012-13 as compared to (-) 1.8% during April- February 2011-12.

 

Trend in the growth of capital goods                                                                             (%)

  Source: PHD Research Bureau, compiled from CSO

 

Warm regards,

 

Dr. S P Sharma

Chief Economist

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PHD Research Bureau

PHD Chamber of Commerce and Industry

August Kranti Marg, New Delhi – 110016

Tel 91 11 49545454, Fax 91 11 26855450,

E mail – research@phdcci.in

Website www.phdcci.in