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The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of August 2005 was released here today, by the Central Statistical Organisation, Ministry of Statistics and Programme Implementation. The General Index stands at 212.5, which is 7.4% higher as compared to the level in the month of August 2004.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2005 stand at 140.1, 224.5, and 193.1 respectively, with the corresponding growths of (-)1.3%, 8.2% and 7.8% as compared to August 2004. The cumulative growth during April-August, 2005-06 over the corresponding period of 2004-05 in the three sectors have been 2.0%, 9.8% and 5.9% respectively, with the overall growth in the General Index being 8.8%
Alongwith the Quick Estimates of IIP for August 2005, the indices for July 2005 have undergone the first revision and those for May 2005, 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 May 2005 and July 2005.
As many as 13 of the 17 two-digit industry groups have shown positive growth during the month of August 2005 as compared to the corresponding month of the previous year. 'Other Manufacturing Industries’ have shown the highest growth of 24.6%, followed by 21.1% in ‘Basic Metal and Alloy Industries’ and 14.7% in ‘Textile Products (including Wearing Apparel)’. On the other hand, 'Metal Products and Parts, except Machinery and Equipment’ have shown a negative growth of 5.2% followed by a decline of 4.7% in ‘Wool, Silk and Man-made Fibre Textiles’ and 1.0% in ‘Leather and Leather &Fur Products’.
As per Use-based classification, the growth in August 2005 over August 2004 is 8.4% in Basic goods, 8.9% in Capital goods and 2.5% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 13.1% and 9.7% respectively, with the overall growth in Consumer goods being 10.6%.
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 August 2005, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, see Statements I, II & III.
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