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The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2004 was released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation here today. The General Index stands at 218.0, which is higher by 7.9% as compared to the level in the month of December 2003.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2004 stand at 162.4, 229.2, and 187.4 respectively, with the corresponding growths of 2.9%, 8.8% and 4.4% as compared to December 2003. The cumulative growth during April-December, 2004-05 over the corresponding period of 2003-04 in the three sectors have been 4.8%, 9.0% and 6.4% respectively, with the overall growth in the General Index being 8.4%.
Alongwith the Quick Estimates of IIP for December 2004, the indices for November 2004 have undergone the first revision and those for September 2004, the second (final) revision in the light of the updated data received from the source agencies. There are no significant revisions in the indices for September 2004 and November 2004.
As many as 14 of the 17 two-digit industry groups have shown positive growth during the month of December 2004 as compared to the corresponding month of the previous year. 'Textile Products (including Wearing Apparel)' have shown the highest growth of 38.2%, followed by 36.6% in 'Paper & Paper Products and Printing, Publishing & Allied Industries’ and 19.0% in 'Other Manufacturing Industries'. On the other hand, 'Wood and Wood Products; Furniture and Fixtures‘ have shown a negative growth of 12.8% followed by a decline of 6.9% in 'Rubber, Plastic, Petroleum and Coal Products’ and 2.3% in 'Leather and Leather & Fur Products'.
As per Use-based classification, the growth in December 2004 over December 2003 is 6.1% in Basic goods, 14.4% in Capital goods and 3.1% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 13.0% and 11.6% respectively, with the overall growth in Consumer goods being 11.9%.
Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC)-1987 and by Use-based classification for the month of December 2004, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, see statements I, II, III
Press Note/CSO
VKS/SR
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