Dear All,  

July 2014 IIP grows at 0.5%

Growth in industry output, as measured in terms of IIP, for the month of July 2014 is estimated at 0.5% as compared with 3.9% during June 2014. The cumulative growth for the period Apr-July 2014-15 stands at 3.3% as compared to (-)0.1% in the corresponding period of the previous year. The growth in the three sectors mining, manufacturing and electricity in July 2014 stands at 2.1%, (-) 1.0% and 11.7% respectively as compared to 4.5%, 2.4% and 15.7% respectively in June 2014.

    Recent growth pattern in IIP                                                                           (% growth)

Industry Group	Weight in IIP	Apr-July 2013-14	Apr-July 2014-15	July 2014	June 2014
Mining	14.2	-4.3	2.8	2.1	4.5
Manufacturing	75.5	-0.1	2.3	-1.0	2.4
Electricity	10.3	3.9	11.4	11.7	15.7
Use based classification
Basic goods	45.7	0.1	8.1	7.6	9.9
Capital goods	8.8	1.4	8.5	-3.8	23.3
Intermediate goods	15.7	2.1	2.8	2.6	2.4
Consumer Goods
Consumer goods	29.8	-1.8	-4.5	-7.4	-9.6
a) Consumer durables	8.5	-11.9	-12.5	-20.9	-23.4
b) Consumer non-durables	21.3	7.2	1.3	2.9	0.6
Overall IIP	100	-0.1	3.3	0.5	3.9

   Source: PHD Research Bureau, compiled from CSO

The growth in Basic goods stands at 7.6% during July 2014 as compared to 9.9% in June 2014. The cumulative growth during April – July 2014-15 stands at 8.1% as compared to 0.1% during the corresponding period of last year. Consumer goods have grown at (-) 7.4% during July 2014 as against (-) 9.6% during June 2014. Consumer durables have grown at (-) 20.9% during July 2014as compared to (-) 23.4% during June 2014, while consumer non durables have grown at 2.9% during July 2014 as compared to 0.6% during June 2014.

The cumulative growth of consumer goods during Apr-July 2014-15 stands at (-) 4.5% as against (-) 1.8% during the corresponding period last year. Consumer durables have shown a cumulative growth of (-) 12.5% during Apr- July 2014-15 as against (-) 11.9% during the corresponding period last year, while consumer non durables have shown a cumulative growth of 1.3% during Apr- July 2014-15 as compared to 7.2% during the corresponding period last year.

Some of the important items showing high positive growth during the current month over the same month in previous year include Stainless/ alloy steel (108.7%), Relays, Fuses and Switchgears (72.9%), ‘Vitamins (68.9%), Air Conditioner (Room) (58.3%), Plastic Machinery Incl. Moulding Machinery (45.9%), Ayurvedic Medicaments (39.0%), Fruit Pulp (37.8%), Scooter and Mopeds (35.0%), Fasteners (Excl. Zip-Fasteners) (28.2%), Colour TV Sets (27.3%), Three-Wheelers (including passenger & goods carrier) (22.2%) and Biaxially Oriented Polypropylene (BOPP) film (21.3%).

Some of the other important items showing high negative growth are Telephone Instruments (incl. Mobile Phones & Accessories) (-) 67.2%, Sugar (-) 60.3%] ‘luminium Conductor (-) 46.1%, Computers (-) 36.9%, Generator/ Alternator (-) 36.9%, Sacking (-) 36.0%, Gems and Jewellery (-) 32.2%, Sugar Machinery (-) 31.1%, Wood Furniture (-) 30.3% and Cigarettes (-) 23.8%.

  Trend in IIP growth                                                                                                              (%)

 

  Source: PHD Research Bureau, compiled from CSO

Capital goods have grown at (-) 3.8% during July 2014 as compared to 23.3% during June 2014. The cumulative growth of capital goods stands at 8.5% during Apr- July 2014-15 as compared to 1.4% during Apr- July 2013-14.

Trend in the growth of capital goods                                                                                      (%)

  Source: PHD Research Bureau, compiled from CSO